A pockets managed by the US authorities simply despatched round $10 price of Ethereum (ETH) to Coinbase Prime on July 7, in line with knowledge tracked by Arkham Intelligence. The federal government then transferred one other $200,000 price of ETH to the change.
Authorities at the moment maintain roughly 60,000 ETH of their crypto pockets, in line with on-chain knowledge.
US authorities strikes one other $200K in ETH
Arkham flagged the transaction as originating from a pockets labeled “US Authorities: FBI,” which holds ETH seized from NFT scammer Chase Senecal in October 2022. The tackle has remained dormant because the seizure.
Whereas the motive is unconfirmed, the exercise seemed to be a check transaction, which is often used forward of main fund actions equivalent to liquidations, custody transfers, or inner accounting.
Ethereum was hovering round $2,500 on the time of reporting, per TradingView. The second-largest digital asset noticed a short decline following pockets exercise.
