US Government Moves FTX Seized Funds
According to Arkham Intelligence, the US government has moved 5,024 ETH (around $18.17 million) and $13.58 million to Binance USD (BUSD). It has also moved assets in tokens such as Shiba Inu (SHIB), Aergo (AERGO), and Wrapped Bitcoin (WBTC).
A few days ago, the US government moved 19,780 bitcoins (BTC) seized from Silk Road to Coinbase Prime. The government currently holds around 198,109 BTC worth $19.15 billion. The US government has seized these crypto assets as part of crypto-related criminal cases filed over the past decade.
The government is moving the funds seized from FTX amid rumors that the bankrupt crypto exchange was funding politicians. Gemini co-founder Cameron Winklevoss recently called on US authorities to look into why prosecutors dropped charges against Sam Bankman-Fried for campaign finance in 2022.
SBF was reported to have illegally used FTX client funds to donate to both Republicans and Democrats. According to Winklevoss, such actions undermine public trust in the justice system.#2024withBinance
