US Moves $33M in Seized Crypto

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The US government has transferred approximately $33.6 million worth of cryptocurrency from its wallet, which held funds seized from the collapsed FTX and Alameda, to two unidentified addresses.

Multiple transactions, including a transfer of 5,024 Ether (worth around $18 million), were made on Tuesday to addresses starting with “0x9cd” and “0x9ac,” according to data from Arkham Intelligence.

Additionally, the government also moved $13 million in BUSD, $1.5 million in SHIB, and various other tokens, such as AERGO, POWR, AXS, YFI, WBTC, NMR, COMP, SRM, and RLC, to these same addresses.

These transfers coincided with a broader cryptocurrency market rally. Ether, for instance, has seen a 0.3% increase in the past 24 hours, trading above $3,600, up from $2,460 a month ago.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.