Arkham: U.S. government-tagged seized-funds wallets move $12.9 million in crypto

AI Market Summary
Arkham-linked flows show U.S. government-labeled seized-funds wallets moving ~$12.9m in crypto, including 5,939 ETH and 296,709 USDT to Coinbase Prime, plus additional USDC transfers. Separate FTX/Alameda-seized wallets distributed smaller amounts across several tokens. Transfers to prime brokerage/exchange venues can increase perceived near-term sell overhang and liquidity supply, weighing on ETH and select altcoins tied to the moved balances.
Impact level
● Medium
Affected assets
ETH/USDT+5.83%
AI Insight · ETH/USDTAI Insight
▼ Bearish
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Arkham data show that over the past six hours, a U.S. government-tagged address holding assets seized from the Bitfinex hack transferred about 5,939 ETH and 296,709 USDT—worth a combined $11.45 million—to Coinbase Prime, and sent roughly 901,005 USDC to another address. In a separate set of transactions, an address holding funds seized from FTX/Alameda moved approximately 209.18 ETH, 0.533 WBTC, 1,231 COMP, 5.37 YFI, 4,054 NMR, 4,107 AXS and 138,950 RLC to multiple addresses, with a total value of about $543,000.