#WYSTStablecoin The U.S. Government moved $10.3M in BTC and ETH.

Funds were seized from Sae-Heng, involved in confidence scams.

The government retains $17.3B in BTC and $116M in ETH.

U.S. Government Transfers $10.3M in Confiscated Crypto

The U.S. Government has shifted a significant sum of cryptocurrency to new wallets. In the past 8 hours, they transferred 97.34 Bitcoin (BTC) worth approximately $8.52 million and 884.3 Ethereum (ETH) valued at around $1.78 million. These funds were seized from Sae-Heng, a convicted individual involved in confidence scams.

Background on the Seized Funds

Sae-Heng’s illegal activities led to the confiscation of these digital assets. The government’s decision to move the funds is a routine measure to secure holdings, often ahead of liquidation or further legal proceedings. Blockchain transparency allows crypto enthusiasts to track these movements in real time, contributing to the heightened interest.