US government moves $770M of seized Bitcoin to Coinbase Prime
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- 4 new reports
U.S. government-linked wallets moved 9,261 BTC, worth about $770 million, to Coinbase Prime over Oct. 7-8. One report ties 2,456 BTC in that movement to previously unknown holdings sent to a government seizure address, while another says the funds originated from seizures linked to cyberattacks and other federal investigations. Several pieces also note that the transfer does not by itself show a sale.
Key claims & sources
What it means
People who track government bitcoin holdings, exchange custody flows, and seizure-related activity would notice this move right away. The transfer put 9,261 BTC into Coinbase Prime over two days, and one report says 2,456 BTC in that flow came from previously unknown holdings sent to a government seizure address.
In practice, the movement shifts seized bitcoin into Coinbase Prime rather than proving a sale. One piece says the transfer does not establish a sale, and another describes the Oct. 7 move as the largest one-day outflow since Dec. 2, 2024, with the two-day total reaching 9,261 BTC.
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Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
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Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 31 days ago | U.S.-Linked Wallets Move $103 Million in Bitcoin and BNB event | 1 actors in common · 5 news media |
| 31 days ago | US government moves $103M in crypto, including 833 BTC and 40,285 BNB event | 1 actors in common · 3 news media |