Core Summary The U.S. government has moved approximately $288 million worth of seized cryptocurrencies to Coinbase Prime custody platform. These assets originated from two major law enforcement cases—Farace and BTC-e—and were transferred through newly created wallets before landing on the institutional exchange. The move has drawn attention because President Trump previously issued a clear directive not to sell the government’s Bitcoin reserve assets.
Event Details According to CoinDesk, the U.S. government recently conducted a large-scale transfer operation of seized cryptocurrencies. The assets include Bitcoin and Ether from the Farace case and the BTC-e case, which were routed through multiple newly created wallet addresses before being deposited at Coinbase Prime, a custody platform serving institutional clients.
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