US government moves $770M of seized Bitcoin to Coinbase Prime
The US government moved 9,261 Bitcoin to Coinbase Prime, including 2,456 BTC in newly discovered funds pointing to federal law enforcement seizures.
The United States government has transferred $770 million worth of 9,261 Bitcoin to Coinbase Prime, according to recent reporting. The transfer includes 2,456 BTC, which were discovered recently and were previously unaccounted for in federal law enforcement seizures. The move comes after the government seized Bitcoin from various exploits, including Bitfinex hackers and Binance.
Galaxy Research reported that half of the transferred Bitcoin was recovered from Bitfinex hackers, while the rest originated from known Binance seizures. An additional 2,456 BTC were sent from undisclosed holdings to the US government's seizure address on Coinbase Prime, potentially representing new law enforcement seizures. The onchain flows indicate that the US government continues to recover crypto assets from prior exploits.
Since 2024, Coinbase Prime has been used by the US Marshals Service as the custody provider for seized assets. Despite speculation about potential liquidations, a sale would violate US President Donald Trump's March 2025 executive order, which stipulates that seized Bitcoin should remain as part of the country's Strategic Bitcoin Reserve.
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