US Government Moves Seized Bitcoin Amid Ongoing FTX Asset Recovery

The US government has transferred a small amount of Bitcoin seized from Alameda Research accounts on Binance.US. This is part of a larger ongoing forfeiture effort related to the FTX collapse, involving over $700 million in assets.

The government originally confiscated these assets about three years ago and has been actively relocating them to platforms like Coinbase Prime with the intent to compensate victims of the FTX fraud.