On-chain data shows that early this morning (the 4th), the U.S. government transferred $33.6 million worth of cryptocurrency to two unknown addresses; these assets were seized from the collapsed cryptocurrency exchange FTX and its affiliate Alameda Research.
Source: Arkham
According to on-chain analysis platform Arkham Intelligence, starting around 3:30 AM, a U.S. government wallet marked as 'FTX Alameda Seized Funds' transferred a large amount of cryptocurrency, including $1,800 worth of 5,024 Ether, to two new addresses starting with '0x9cd' and '0x9ac'.
Additionally, the wallet transferred $13 million worth of stablecoin BUSD, $1.5 million worth of Shiba Inu (SHIB), and other tokens to the aforementioned two addresses.
The transferred tokens are diverse, including AERGO, POWR, AXS, YFI, WBTC, NMR, COMP, SRM, and RLC.
As the U.S. government makes large transfers of these assets, the cryptocurrency market is experiencing a comprehensive rebound. Among them, Ether has slightly risen by 0.6% in the past 24 hours, currently priced at $3,675, nearly a 50% increase from $2,460 a month ago.
The U.S. government transfers nearly $2 billion in Bitcoin, raising market concerns about sell-off risks.
"The U.S. government transfers $33.6 million in cryptocurrency! FTX and Alameda seized funds flow to mysterious addresses" was first published on (Blockke).
