US Government Moves $103 Million in Seized Bitcoin and BNB, But Hasn't Said Why
Summary
U.S. government-controlled wallets moved about $103 million in cryptocurrency: 833.6 BTC, worth $71.6 million, and 40,285 BNB worth $31.63 million. Some Bitcoin reached Coinbase Prime, but officials have not confirmed whether the transfers signal a sale; Coinbase also serves as government custodian. The assets are linked to forfeitures involving HashFlare, the Bitfinex hack and Alameda Research. Rules limit sales: forfeited Bitcoin placed in the Strategic Bitcoin Reserve cannot be sold, while BNB in the Digital Asset Stockpile can be released only for specified purposes. Arkham estimates the U.S. holds about 325,000 BTC.
