On-chain data shows that the US government today (4th) early morning transferred $33.6 million worth of cryptocurrency to two unknown addresses, and these assets were seized from the collapsed cryptocurrency exchange FTX and its affiliated company Alameda Research.
Source: Arkham
According to tracking by the on-chain analysis platform Arkham Intelligence, around 3:30 AM, a large amount of cryptocurrency was transferred from the US government wallet marked as 'FTX Alameda Seized Funds', including the transfer of $1,800 worth of 5,024 Ethereum to two new addresses starting with '0x9cd' and '0x9ac'.
Additionally, the wallet also transferred $13 million in stablecoin BUSD, $1.5 million in 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 US government makes large-scale transfers of these assets, the cryptocurrency market is experiencing a broad rebound. Among them, Ethereum has slightly increased by 0.6% in the past 24 hours, currently priced at $3,675, up nearly 50% from $2,460 a month ago.
The US government transfers nearly $2 billion in Bitcoin, raising market concerns about sell-off risks
"The US government transfers $33.6 million in cryptocurrency! FTX, Alameda seized funds flow to mysterious addresses" This article was first published on (BlockKe).
