Key facts
- US government moved $103 million in seized crypto on October 7, 2026.
- 833.6 BTC, valued at $71.56 million, was transferred.
- 40,285 BNB, valued at $31.63 million, was also transferred.
- Bitcoin traced to Potapenko/Turogin forfeiture and Bitfinex hack seizures.
- BNB originated from Alameda Research seizures.
- Coinbase Prime is used by federal agencies for seized digital assets.
The US government transferred approximately $103 million in seized cryptocurrency to Coinbase Prime on October 7, 2026, according to on-chain data. The transfer involved 833.6 BTC, valued at about $71.56 million, and 40,285 BNB, worth around $31.63 million.
The Bitcoin portion originated from two sources: 568.7 BTC from the Potapenko/Turogin forfeiture case and 264.9 BTC linked to the Bitfinex hack seizures. Both tranches were moved to unlabeled addresses before reaching Coinbase Prime deposit addresses. Coinbase Prime serves as the institutional custody arm for seized digital assets, having been selected by the US Marshals Service.
The BNB tokens, seized from Alameda Research, followed a more complex route, traveling through several intermediate addresses before settling at an unlabeled wallet identified on Arkham. This multi-hop path contrasts with the direct transfer of Bitcoin and is contextualized by recent Binance Funding Account migrations that have reshaped BNB flows.
Market reaction to the transfer has been muted, with analysts emphasizing that on-chain movement does not equate to a sale. The DOJ's halt on Bitcoin liquidation under Executive Order 14233, signed in March 2025, directs forfeited BTC into a Strategic Bitcoin Reserve and prohibits routine liquidation.
Following the transfer, government-linked addresses still hold an estimated $28 billion in crypto, including approximately 324,000 BTC. The $103 million move represents a small fraction of this total stockpile. The US government's full crypto position remains largely intact, with analysts advising to monitor subsequent outflows from Coinbase Prime and any official statements for further clarity on intent.