Billions of {dollars} in crypto from authorized battles with a number of cryptocurrency corporations have been seized by the U.S. government, together with FTX, and now they’ve moved it into one other pockets.
In response to Arkham Intelligence data on Dec. 03, the U.S. government moved a number of cryptocurrencies that have been seized by the FTX Alameda instances after they collapsed because of the mismanagement of the funds again in November 2022.
The primary crypto to be moved right this moment is 54.8 billion of Shiba Inu (SHIB), which is equal to $1.55 million on the time of writing. At a later time, the platform additionally alarmed that the government additionally moved $17.2 million of Ethereum (ETH) to a different completely different pockets.
This transfer was additionally adopted by different cryptocurrencies, together with 13.5 million Binance USD (BUSD) and $36,070 of Axie Infinity (AXS).
The U.S. government additionally moved $296,000 of different cryptos, together with $106,430 of Compound (COMP), $93,950 of Numeraire (NMR), and $50,710 of Wrapped Bitcoin (WBTC), and $47,350 of Yearn Finance (YFI).
The U.S. government moved Bitcoin
This transfer has been seen a number of occasions in a 12 months for the reason that authorized battles towards the cryptocurrency trade, together with the FTX Alameda collapse, hit peak momentum two years in the past.
In a latest one, the seized Bitcoin, almost price $2 billion, was moved into a brand new pockets at completely different occasions of switch. The primary pockets acquired $969 million in Bitcoin (BTC), and the opposite one acquired $949 million.
One other virtually $1 billion {dollars} of Bitcoin additionally moved from 33Tg to Coinbase Prime on the identical day. All of the wallets acquired the seized Bitcoin from Silk Highway instances in November 2022.
Now, the U.S. government has recorded $19.48 billion of digital belongings, with Bitcoin, Ethereum, USDT, WBTC, and BNB among the many greatest crypto that they maintain.
