The US government has transferred nearly $984,000 in cryptocurrency linked to Alameda Research and FTX.
- The US transferred about $984K in crypto linked to FTX and Alameda.
- About $768K of funds were transferred to Coinbase Prime, according to Arkham data.
- Arkham’s data shows US government holdings total about $20.93B.
Blockchain data shows that more funds have been moved to Coinbase Prime as authorities continue to manage the seized assets. The transfer forms part of the ongoing efforts associated with the recovery and distribution process after the collapse of FTX.
Coinbase Prime receives a portion of the FTX holdings
Arkham Intelligence data showed movements from wallets linked to the takeover of Alameda and FTX. The transfer reached almost $984,000 in cryptocurrency. Of that amount, about $768,000 was transferred to Coinbase Prime.
The transactions took place as authorities continue to monitor digital assets found in exchanges. Funds are often linked to broader bankruptcy and repossession processes. Current records point to the FTX Estate as the final destination of the acquired assets.
Government agencies are gradually cracking down on cryptocurrency through transfer and lockout operations. These actions support efforts to restore value to affected lenders. The latest move represents a small portion of government-owned assets.
The FTX acquisition process continues through asset management
Authorities seized several cryptocurrency funds linked to Alameda Research and FTX after the exchange collapsed. Since then, officials have handled those goods through established recovery procedures. The process includes storage, transfer, and termination if needed.
FTX Estate continues to work to recover and distribute value to creditors. Recovered assets are an important part of that effort. Government-managed cash transfers help to remove assets held through the restitution framework.
Blockchain monitoring platforms continue to track wallet activity linked to the assets held. Arkham Intelligence reported the latest transactions in publicly visible blockchain records. The transfer added another step to FTX’s lengthy recovery process.
Bitcoin remains the largest asset of all public crypto companies
According to Arkham data, the US government currently controls a cryptocurrency portfolio worth about $20.93 billion. Bitcoin accounts for most of those currencies. Public funds hold approximately 328,354 BTC with an estimated value of $20.57 billion.
The portfolio includes approximately 62,437 ETH worth over $103 million. Other holdings include USDT, WBNB, BNB, WBTC, and additional digital assets. These assets come from various enforcement actions and seizures.
Although the recent transfer of $984,000 represents a small portion of the total assets held, it remains part of effective asset management. Government agencies continue to process seized cryptocurrency tied to major enforcement cases. The latest move highlights ongoing efforts connected to FTX and the Alameda recovery process.
