US Government Deposits $9.29M in Ethereum From FTX Seized Assets

The U.S. government has transferred approximately $9.29 million in Ethereum to Coinbase Prime.

The 4,815 ETH originated from a wallet containing assets seized during the FTX and Alameda Research investigations.

A recent transaction by blockchain intelligence platform Arkham Intelligence tracked transfers involving SHIB, AERGO, and POWR from the same government-controlled wallet.

It's essential to note that depositing Ethereum into Coinbase Prime does not confirm the sale of the assets. The exchange provides institutional custody and brokerage services, allowing government agencies to securely store or manage their assets.