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

The US government moved about $470 million in seized crypto to likely Coinbase Prime addresses, according to Arkham, reviving questions over potential asset sales.On Oct. 7, blockchain analytics firm Arkham Intelligence said the transfers included Bitcoin, wrapped Bitcoin and USDT.Arkham linked the transferred assets to seizures involving the 2016 Bitfinex hack and Alameda Research, the trading firm previously controlled by FTX founder Sam Bankman-Fried.Image Showing Latest US Bitcoin Transfers (Source: Arkham Intelligence)While we obviously can't say the Bitcoin is being sold, it is one plausible outcome. It's probably just as likely they are performing internal wallet hygiene or administrative work.Still, the destination puts the transaction under greater scrutiny after the Trump administration pledged to retain Bitcoin placed in the US Strategic Bitcoin Reserve and federal officials earlier this year rejected claims that seized coins had been quietly sold.A previous sale claim ended in a government denialThe latest movement lands nine months after the US Marshals Service pushed back against reports that Washington had disposed of Bitcoin surrendered in the Samourai Wallet crimin...