US Government Liquidates Another Batch of Seized FTX Assets

The US government continued to liquidate its seized FTX assets by emptying a wallet linked to the collapsed exchange and Alameda Research. This move came just one day after transferring nearly $288 million in Bitcoin and Ether to Coinbase Prime.

The distribution of the roughly $540,000 in crypto across eight new addresses included 209.18 ETH, 0.533 WBTC, 1,230 COMP, and 5.37 YFI, among other assets.

This latest development underscores concerns about on-chain transparency, CEX liquidity, and security risks for crypto and DeFi markets.