The US government quietly shuffled another chunk of crypto seized from the FTX and Alameda Research wreckage onto Coinbase Prime on June 10, moving roughly $984,000 in digital assets to the institutional trading platform.
The bulk of the transfer, about $768,000, consisted of 98,591 LINK tokens. The remaining $216,000 was spread across a handful of altcoins including AAVE, CHZ, and BAL. On-chain analyst OnchainLens tracked the funds moving in two separate batches from government-controlled wallets.
Another round of FTX estate liquidations
This is the latest in a well-established pattern of the US government converting seized digital assets into cash, primarily to pay back the creditors who got caught in the FTX implosion of November 2022.
Just last month, a larger batch of FTX-aligned holdings made the same trip to Coinbase. That May transfer involved several million dollars across a broader token mix, including UNI, RNDR, and SAND.
