US Government Transfers $984K in Seized Alameda Funds to Coinbase Prime

The US government has initiated the process of liquidating the seized assets from Alameda and FTX, with the first transfer totaling $984,000. According to Arkham Intelligence data, at least $768,000 of this amount was directed to Coinbase Prime.

This development is part of the ongoing efforts to distribute the halted funds linked to Alameda Research after the FTX bankruptcy proceedings. The final destination of these assets will be the FTX Estate, which aims to compensate the impacted creditors with the recovered capital.

The US government's crypto portfolio has surpassed $20.93 billion, with Bitcoin holding a significant share of approximately 328,354 BTC ($20.57B). Other notable holdings include 62,437 ETH ($103.2M) and 145.5 million USDT.