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U.S. authorities have once again moved a portion of the cryptocurrencies seized in connection with the collapse of FTX and Alameda Research. The latest transaction, valued at approximately $984,000, was sent to Coinbase on June 10 and marks another step in the long-running liquidation process tied to assets confiscated during the criminal proceedings against Sam Bankman-Fried’s empire.
While the size of the latest transfer is relatively small compared to the government’s overall crypto holdings, investors continue to closely monitor every such movement. For smaller altcoins in particular, even modest sales can have a noticeable impact on market prices.
Another Batch of Tokens Heads to Coinbase
According to blockchain tracking data, the U.S. government transferred several cryptocurrencies originating from seized FTX and Alameda Research wallets.
The largest portion consisted of 98,591 Chainlink (LINK) tokens worth approximately $768,000. The transfer also included Aave (AAVE), Chiliz (CHZ), and Balancer (BAL).
Later that same day, additional assets worth roughly $216,000 were moved, bringing the total value of cryptocurrencies transferred to approximately $984,000.
This is far from an isolated event. In recent months, U.S. authorities have regularly moved seized digital assets to Coinbase, which serves as a primary platform for custody and potential liquidation of these holdings.
A Series of Transfers Ongoing Since 2025
Government wallet activity has been visible for quite some time.
At the end of May, authorities transferred approximately $800,000 worth of cryptocurrencies, including Bitcoin (BTC), Basic Attention Token (BAT), Yearn Finance (YFI), and 0x (ZRX).
Just two days earlier, tokens worth $1.9 million were sent to Coinbase. Those transfers included UNI, RNDR, SAND, MASK, AXS, and APE, along with $2.656 million worth of DAI stablecoins.
Another significant transaction occurred on May 19, when the government moved 319 ETH valued at approximately $673,000 at the time, alongside USDT, DAI, and USDC stablecoins worth a combined $933,774.
The history of these transfers stretches back even further. In December 2025, authorities moved assets including 1,934 WETH worth $6.43 million and BUSD valued at $13.58 million. One month earlier, government wallets transferred 15.1 million TRX worth $4.2 million, along with more than 545,000 FTT tokens.
Liquidation of FTX-Related Assets Continues
All of these assets originate from the extensive seizure efforts following the collapse of FTX.
After Sam Bankman-Fried was convicted in 2023, U.S. authorities began confiscating digital assets linked to FTX and Alameda Research. A federal court later ordered the forfeiture of approximately $11 billion in assets.
The recovered funds are primarily intended to compensate affected investors and creditors.
Under U.S. asset forfeiture procedures, seized assets can be sold, with proceeds transferred into federal forfeiture funds that may be used for victim restitution and other legally authorized purposes.
Coinbase Plays a Central Role
A key component of the process is Coinbase Prime.
The U.S. Marshals Service selected the platform in 2024 to provide custody and trading services for large-cap digital assets held by the federal government.
As a result, most seized cryptocurrencies are first transferred to Coinbase-linked addresses before any potential sale takes place.
Smaller Altcoins Could Face Additional Pressure
While Bitcoin and Ethereum can typically absorb these transfers without significant disruption, the situation is different for smaller altcoins.
Tokens such as CHZ, BAL, and other lower-liquidity assets often have much smaller daily trading volumes. As a result, transfers worth only a few hundred thousand dollars can create short-term selling pressure and increase volatility.
For example, the recent $768,000 LINK transfer was absorbed by the market without any major price reaction. Smaller tokens, however, may be much more sensitive to similar movements.
The U.S. Government Still Holds Billions in Crypto
Despite ongoing liquidations, the U.S. government remains one of the largest cryptocurrency holders in the world.
According to data from May 2026, federal wallets held digital assets worth approximately $27.06 billion spread across 610 wallet addresses.
The vast majority of those holdings consist of 328,361 BTC valued at roughly $26.64 billion.
This suggests that additional transfers and sales of seized cryptocurrencies may continue in the months ahead.
Investors Are Watching Every Move
Every transfer from government-controlled wallets is now closely monitored by blockchain analysts and traders.
Movements involving assets seized from FTX and Alameda Research frequently serve as short-term market signals, particularly for lower-liquidity tokens.
And because U.S. authorities have not yet disclosed a formal liquidation schedule for the remaining holdings, investors are likely to continue paying close attention to every new transaction involving these wallets.
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