Key Highlights
- The U.S. government moved 4,815 ETH (about $9.29 million) from an FTX/Alameda-linked wallet to Coinbase Prime.
- Arkham Intelligence identified the transaction on July 15, 2026.
- The transfer has sparked speculation over whether the ETH will be sold or distributed to FTX creditors.
The U.S. government has transferred another $9.29 million worth of Ethereum (ETH) to Coinbase Prime, continuing its management of assets seized from the collapsed crypto exchange FTX and its sister trading firm Alameda Research. On-chain intelligence platform Arkham reported the transfer on Wednesday, fueling speculation about whether the funds will be sold on the open market or returned to FTX creditors.
According to Arkham data, a U.S. government wallet labeled “FTX Alameda” deposited approximately 4,815 ETH to a Coinbase Prime deposit address. The latest transfer adds to the government’s digital asset holdings, which currently total over $21.5 billion. The portfolio is heavily weighted toward Bitcoin, with 324,552 BTC valued at roughly $21.22 billion.
Ongoing FTX asset recovery
The U.S. government has continued moving seized cryptocurrencies as part of broader efforts related to asset recovery following the collapse of FTX. The Department of Justice and bankruptcy proceedings have recovered billions of dollars in assets since the exchange failed in 2022.
Recent on-chain activity shows the government has transferred smaller amounts of various tokens, including ETH, WBTC, and SHIB. The latest ETH deposit continues a pattern seen over the past 20 hours, during which multiple smaller transactions were executed from government-controlled wallets.
The U.S. government’s total crypto portfolio includes:
- BTC: 324,552 BTC (around $21.22B)
- USDT: 145.25M (around $145M)
- WBTC: 750 BTC (around $49M)
- ETH: 17,430 ETH (around $33.6M)
Another transfer of seized assets
The latest movement comes just days after the U.S. government deposited approximately $288.33 million worth of Bitcoin and Ether into Coinbase Prime, according to Arkham Intelligence.
The transfers originated from three major criminal forfeitures. The largest involved 2,875 BTC ($177.88M) from Ryan Farace’s seized funds. Another 925.5 BTC ($57.27M) came from the BTC-e case, while 30,007 ETH ($53.09M) was transferred from the Brian Krewson forfeiture. An earlier move also sent 140.2 BTC ($8.78M) to Coinbase Prime.
Industry participants to monitor wallets closely
The continued movement of FTX-related assets highlights the ongoing management of seized cryptocurrencies linked to the exchange’s collapse. The transfers are being closely watched by both FTX creditors and market participants.
The use of Coinbase Prime may indicate preparations for custody transfers or structured liquidation, although the purpose of the latest transfer has not been disclosed.
For now, market participants are expected to continue monitoring government-linked wallets for further asset movements.
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