US Government Transfers $1.91M in Seized BTC Amid Rebounding Market

The US government has transferred 24.408 BTC worth approximately $1.91 million from wallets seized from FTX/Alameda Research.

The move was flagged by blockchain intelligence firm Arkham, which showed that the funds originated from assets held on Binance.US and were three years old at the time of the transfer.

The transaction has sparked questions about whether the government is preparing to liquidate more of the BTC seized from the bankrupt crypto firms. Despite this, there has been no confirmation of a sale.