On-chain data shows that the US government transferred $33.6 million worth of cryptocurrency to two unknown addresses early this morning (4th). These assets were seized from the collapsed cryptocurrency exchange FTX and its affiliate Alameda Research.
On-chain data shows that the US government transferred $33.6 million worth of cryptocurrency to two unknown addresses early this morning (4th). These assets were seized from the collapsed cryptocurrency exchange FTX and its affiliate Alameda Research.
According to on-chain analysis platform Arkham Intelligence, around 3:30 AM, the US government wallet marked as 'FTX Alameda Seized Funds' began transferring a large amount of cryptocurrency, including $18 million worth of 5,024 Ethereum, to two new addresses starting with '0x9cd' and '0x9ac'.
In addition, the wallet also transferred $13 million worth of stablecoin BUSD, $1.5 million of Shiba Inu (SHIB), and other tokens to the aforementioned two addresses.
The types of tokens that were transferred are diverse, including AERGO, POWR, AXS, YFI, WBTC, NMR, COMP, SRM, and RLC.
As the US government makes a large-scale transfer of these assets, the cryptocurrency market is experiencing a comprehensive rebound. Among them, Ethereum has seen a slight increase of 0.6% in the past 24 hours, with the current price at $3,675, nearly a 50% increase from $2,460 a month ago.
