Data: The U.S. government has transferred $288 million worth of BTC and ETH seized to Coinbase Prime

According to Decrypt, the on-chain tracking platform Arkham shows that the U.S. government transferred a total value of $288.33 million in seized BTC and ETH to Coinbase Prime on Monday, including approximately 3,800 BTC worth $235 million and about 30,000 ETH worth $53 million. The related assets come from criminal cases involving Brian Krewson, BTC-e, and Ryan Farace.

Tim Sun, a senior researcher at HashKey, stated that Coinbase Prime is the custodian for the U.S. government, and it is currently unclear whether the transfer is for the purpose of sale or merely for the consolidation and custody of seized assets.

Arkham tracking indicates that the U.S. government wallet still holds $20.6 billion in crypto assets, including 324,552 BTC.