U.S. Government Wallets Move $288 Million in Seized Crypto to Coinbase Prime on Monday

COING1.62%
PRIME0.59%
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According to onchain data tracked by Arkham Intelligence, U.S. government-linked wallets transferred approximately $288 million in seized cryptocurrency to Coinbase Prime on Monday (July 14). The movement included 3,800.5 BTC and 30,007 ETH across multiple transactions. The assets originated from law enforcement seizures and confiscations tied to criminal cases, including wallets associated with the defunct BTC-e exchange and individuals convicted in narcotics and fraud cases.
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