Billions of dollars in crypto from legal battles with several cryptocurrency companies were seized by the U.S. government, including FTX, and now they have moved it into another wallet.
According to Arkham Intelligence data on Dec. 03, the U.S. government moved several cryptocurrencies that were seized by the FTX Alameda cases after they collapsed due to the mismanagement of the funds back in November 2022.
The first crypto to be moved today is 54.8 billion of Shiba Inu (SHIB), which is equal to $1.55 million at the time of writing. At a later time, the platform also alarmed that the government also moved $17.2 million of Ethereum (ETH) to another different wallet.
This move was also followed by other cryptocurrencies, including 13.5 million Binance USD (BUSD) and $36,070 of Axie Infinity (AXS).
The U.S. government also moved $296,000 of other cryptos, including $106,430 of Compound (COMP), $93,950 of Numeraire (NMR), and $50,710 of Wrapped Bitcoin (WBTC), and $47,350 of Yearn Finance (YFI).
The U.S. government moved Bitcoin
This move has been seen several times in a year since the legal battles against the cryptocurrency industry, including the FTX Alameda collapse, hit peak momentum two years ago.
In a recent one, the seized Bitcoin, nearly worth $2 billion, was moved into a new wallet at different times of transfer. The first wallet received $969 million in Bitcoin (BTC), and the other one received $949 million.
Another almost $1 billion dollars of Bitcoin also moved from 33Tg to Coinbase Prime on the same day. All the wallets received the seized Bitcoin from Silk Road cases in November 2022.
Now, the U.S. government has recorded $19.48 billion of digital assets, with Bitcoin, Ethereum, USDT, WBTC, and BNB among the biggest crypto that they hold.
