US government moves over $560M in seized FTX-linked crypto to Coinbase Prime
- —Largest tranche was about $470 million in BTC and USDT sent to Coinbase Prime
- —A separate $94.15 million in USDT was tied to FTX and Alameda forfeitures
- —About 833.6 BTC landed directly in Coinbase Prime addresses
- —40,285 BNB worth $31.63 million moved to intermediary wallets
Why it matters: A potential sale of these assets could add selling pressure, especially on thinner BNB markets.
Source: Crypto Briefing