$BNB $BTC Crypto News | U.S. Government Moves Over $100M in Bitcoin and BNB, but No Sale Confirmed
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Key Takeaways
U.S. government-linked wallets moved more than $100 million in Bitcoin and BNB on Tuesday, according to Arkham data.
Around 833.6 BTC worth $71.6 million was transferred, with the funds eventually reaching addresses labeled as Coinbase Prime deposits.
Another government-linked wallet moved 40,285 BNB worth $31.63 million between unlabeled addresses.
The transfers involve previously seized or forfeited crypto assets.
The transactions have not been confirmed as sales.
U.S. government-linked wallets transferred more than $100 million worth of Bitcoin and BNB on Tuesday, prompting market attention over the potential movement of seized crypto assets.
According to blockchain intelligence firm Arkham, the government transferred 833.599 BTC, worth approximately $71.6 million, to two unlabeled addresses. The Bitcoin was subsequently sent to addresses Arkham identifies as Coinbase Prime deposit addresses.
Bitcoin From Bitfinex and Forfeited Funds Moved
The transferred Bitcoin included approximately 568.7 BTC from Potapenko/Turogin forfeited funds and 264.9 BTC seized in connection with the Bitfinex hack case.
Separately, a government-labeled wallet transferred approximately 40,285 BNB worth $31.63 million to an unlabeled address, which later moved the full amount to another unlabeled wallet
#BNB_Market_Update #btc70k
Binance News
Verified Binance official account
Following
Key Takeaways
U.S. government-linked wallets moved more than $100 million in Bitcoin and BNB on Tuesday, according to Arkham data.
Around 833.6 BTC worth $71.6 million was transferred, with the funds eventually reaching addresses labeled as Coinbase Prime deposits.
Another government-linked wallet moved 40,285 BNB worth $31.63 million between unlabeled addresses.
The transfers involve previously seized or forfeited crypto assets.
The transactions have not been confirmed as sales.
U.S. government-linked wallets transferred more than $100 million worth of Bitcoin and BNB on Tuesday, prompting market attention over the potential movement of seized crypto assets.
According to blockchain intelligence firm Arkham, the government transferred 833.599 BTC, worth approximately $71.6 million, to two unlabeled addresses. The Bitcoin was subsequently sent to addresses Arkham identifies as Coinbase Prime deposit addresses.
Bitcoin From Bitfinex and Forfeited Funds Moved
The transferred Bitcoin included approximately 568.7 BTC from Potapenko/Turogin forfeited funds and 264.9 BTC seized in connection with the Bitfinex hack case.
Separately, a government-labeled wallet transferred approximately 40,285 BNB worth $31.63 million to an unlabeled address, which later moved the full amount to another unlabeled wallet
#BNB_Market_Update #btc70k