The U.S. government transferred 4,815 ETH worth approximately $9.29 million to Coinbase Prime.
- The Ethereum originated from wallets containing assets seized from the FTX and Alameda Research cases.
- Arkham Intelligence also tracked transfers involving SHIB, AERGO and POWR from the same government-controlled wallet.
- A transfer to Coinbase Prime does not confirm the Ethereum has been sold.
U.S. Government Transfers 4,815 ETH to Coinbase Prime
The U.S. government transferred approximately 4,815 ETH, valued at around $9.29 million, to a Coinbase Prime deposit address on July 15, according to blockchain intelligence platform Arkham Intelligence. The transaction originated from a wallet holding digital assets seized during the FTX and Alameda Research investigations.
Alongside the Ethereum transfer, Arkham’s data shows the government moved several other confiscated assets, including approximately 54.9 billion SHIB, 1.06 million AERGO, and 631,700 POWR. The coordinated transfers suggest authorities are actively managing multiple seized crypto assets rather than moving Ethereum alone.
| Metric | Value |
|---|---|
| Asset | Ethereum (ETH) |
| Amount | 4,815 ETH |
| Estimated Value | $9.29 million |
| Destination | Coinbase Prime |
| Source | FTX/Alameda seized assets |
| Blockchain Tracker | Arkham Intelligence |
Transfer Does Not Confirm an ETH Sale
Although deposits into Coinbase Prime often generate speculation about government liquidations, the blockchain transaction alone does not confirm that the assets have been sold. Coinbase Prime provides institutional custody, brokerage and execution services, allowing government agencies to securely store, manage or prepare assets for future disposition.
The latest movement follows a larger series of government wallet transactions reported earlier this week, when authorities transferred nearly $288 million worth of seized Bitcoin and Ether to Coinbase Prime from multiple forfeiture cases. The newly transferred Ethereum differs because it originated specifically from FTX and Alameda-related confiscations, adding another chapter to the government’s ongoing management of assets recovered from the collapsed crypto exchange.
Until additional on-chain activity indicates the ETH has left Coinbase Prime for trading venues or has been exchanged, the transfer should be viewed as a custody movement rather than confirmed market selling.
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