US government moves Bitcoin seized from Alameda

The U.S. government has transferred a small amount of Bitcoin seized from Alameda Research’s Binance.US accounts three years ago, renewing attention on how federal agencies will handle the remaining assets. Summary The transferred Bitcoin came from Alameda-linked accounts seized from Binance.US three years ago. Arkham reported the transaction but did not identify it as a sale. Earlier Alameda-linked transfers sent nearly $2.9 million in seized crypto through government-controlled wallets. Federal rules generally restrict sales of Bitcoin placed in the U.S. Strategic Bitcoin Reserve. Arkham Intelligence reported the transaction on Aug. 26, describing the amount as small and tracing the Bitcoin to Alameda accounts on Binance.US that U.S. authorities seized three years earlier. The blockchain analytics firm did not publish the amount in its indexed post or identify the receiving address. Arkham also did not say that officials had sold the Bitcoin, leaving the transaction’s purpose unconfirmed. “The US Government just moved a small amount of Bitcoin that had been seized from Alameda accounts on Binance US, 3 years ago,” Arkham said. Arkham then asked whether the government would begin ...