Key Takeaways
- A US authorities crypto pockets made a $10 test transaction to Coinbase Prime.
- The pockets holds 100,000 ETH that had been seized from Chase Senecal in 2022.
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A pockets managed by the US authorities simply despatched round $10 value of Ethereum (ETH) to Coinbase Prime on July 7, in accordance to data tracked by Arkham Intelligence. The federal government then transferred one other $200,000 value of ETH to the alternate.
Authorities at present maintain roughly 60,000 ETH in their crypto pockets, in accordance to on-chain knowledge.
Arkham flagged the transaction as originating from a pockets labeled “US Authorities: FBI,” which holds ETH seized from NFT scammer Chase Senecal in October 2022. The tackle has remained dormant for the reason that seizure.
ARKHAM ALERT: THE US GOVERNMENT JUST DEPOSITED ETH TO COINBASE
A US Authorities pockets simply made a test transaction of $10 to a Coinbase Prime deposit.
This pockets holds $100K ETH, initially seized from Chase Senecal in October 2022. pic.twitter.com/NkLgFcBPZ6
— Arkham (@arkham) July 7, 2025
Whereas the motive is unconfirmed, the exercise appeared to be a test transaction, which is often used forward of main fund actions reminiscent of liquidations, custody transfers, or inside accounting.
Ethereum was hovering round $2,500 on the time of reporting, per TradingView. The second-largest digital asset noticed a quick decline following pockets exercise.
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