The US government has moved nearly $984,000 worth of cryptocurrency linked to the collapsed FTX exchange and its sister company, Alameda Research.
According to blockchain data tracked by Arkham Intelligence, most of the funds—around $768,000—were transferred to Coinbase Prime. The transactions are part of the ongoing process of managing and recovering assets connected to the FTX bankruptcy.
The transferred funds came from wallets holding cryptocurrency that authorities previously seized after the collapse of FTX. These assets are being handled as part of the broader effort to recover money and return value to creditors who were affected by the exchange’s downfall.
While the latest transfer has attracted attention, it represents only a small portion of the assets currently under government control. Officials have been overseeing these holdings for some time, using transfers, custody services, and asset sales when necessary as part of the recovery process.
The FTX Estate continues working to gather and distribute recovered assets to creditors. Every recovered fund helps support that effort, and government-managed transfers play an important role in moving assets through the recovery system.
Blockchain analytics firms continue monitoring wallet activity related to FTX and Alameda. The latest transactions were identified through publicly available blockchain records, offering another glimpse into the ongoing recovery efforts.
At the same time, the US government remains one of the largest holders of cryptocurrency in the world. According to Arkham data, government-controlled crypto holdings are currently worth around $20.93 billion.
Bitcoin makes up the vast majority of that portfolio. Government wallets reportedly hold more than 328,000 BTC, valued at over $20.5 billion. In addition, authorities control more than 62,000 Ethereum worth over $103 million, along with smaller amounts of USDT, BNB, Wrapped Bitcoin, and several other digital assets.
These holdings come from various enforcement actions and seizures carried out over the years. Although the recent $984,000 transfer is relatively small compared to the government’s overall crypto portfolio, it highlights that authorities are still actively managing assets connected to major cases like FTX and Alameda Research.
As the recovery process continues, more transfers and asset movements are expected as officials work toward returning funds to those affected by one of the biggest collapses in crypto history.
