US gov moves $33 million in seized crypto from FTX to unknown addresses: Arkham
Quick Take On Tuesday, the U.S. government transferred a total of $33.6 million worth of crypto from its “FTX Alameda Seized Funds” wallets to two unidentified addresses, according to Arkham data. The amount includes 5,024 ether and 13.5 million BUSD.

The U.S. government has moved about $33.6 million worth of cryptocurrency from its wallet — which held part of the funds seized from the collapsed crypto exchange FTX and trading firm Alameda — to two unidentified addresses.
On Tuesday, the government made multiple transactions that included transfers of 5,024 ether, or about $18 million, to two addresses starting with “0x9cd” and “0x9ac,” according to data from Arkham Intelligence.
The government wallets, labeled by Arkham as “FTX Alameda Seized Funds,” also moved $13 million in BUSD, $1.5 million in SHIB and a variety of other tokens to the two addresses. These include AERGO, POWR, AXS, YFI, WBTC, NMR, COMP, SRM, and RLC.
The transfers came in the wake of a market-wide crypto rally. Ether edged up 0.3% in the past 24 hours to trade at $3,643, up from $2,460 a month ago.
Notably, Ethereum's onchain volume in November reached $183.74 billion , marking its highest monthly volume recorded year-to-date.
“This increase is likely driven by capital rotation, as market participants move down the risk curve, reallocating funds from CEXs to onchain activities,” The Block Research wrote in a newsletter this week.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Blockchain Group in France raises €8.6M to increase its Bitcoin holdings.
The Blockchain Group in France raises €8.6M to increase its Bitcoin holdings.French Blockchain Company Bets Bigger on BitcoinA Strategic Investment in Digital ValueFrance’s Growing Crypto Confidence

TAO Set for Major Token Unlock, But Nexchain is Leading the Pre-Bull Run Phase With Huge ICO Raise
While TAO prepares for a supply shock, Nexchain is racing full speed ahead, gaining momentum with each stage of its presale. Its AI-powered Layer-1, 10% gas price incentives, and ultra-fast transaction speeds elevate it to the status of an ecosystem with real-world viability.Nexchain is a lightning-fast, AI-powered Layer-1 that pays you gas rewards.Nexchain Tokenomics: Designed for Long-Term GrowthTAO Token Unlock: $89 Million Supply Set to Hit the MarketFinal Words: Nexchain is Outpacing the AI Pack

Tether Mints $2B USDT on TRON, Tops Ethereum Supply
Tether mints $2B USDT on TRON, pushing its supply above Ethereum. What this shift means for the stablecoin marketTRON Overtakes Ethereum in USDT SupplyWhy Tether Chose TRON for Massive USDT MintingWhat This Means for the Crypto Landscape

Brave Browser Launches .brave Onchain Domain with IPFS Support
Trending news
MoreCrypto prices
More








