US government moves $470 million in seized crypto to Coinbase wallets, raising Bitcoin sale questions

According to Arkham, the US government moved approximately $470 million in seized cryptocurrency to likely Coinbase Prime addresses, reviving questions about potential asset sales. On October 7, blockchain analytics firm Arkham Intelligence reported that the transfers included Bitcoin, wrapped Bitcoin, and USDT. Arkham linked the transferred assets to seizures related to the 2016 Bitfinex hack and Alameda.