The United States government has transferred nearly $800,000 worth of seized cryptocurrency linked to Alameda Research to a Coinbase Prime deposit wallet, according to blockchain analytics platform Arkham Intelligence. The move is part of ongoing efforts to recover and redistribute assets tied to the collapse of crypto exchange FTX.
Arkham reported that the transferred assets included Bitcoin and several altcoins, including UMA, SNX, and GLM. The funds originated from wallets connected to Alameda Research, the trading firm founded by former FTX CEO Sam Bankman-Fried.
The US Government just moved $800K of Alameda’s funds.
Many Alameda/FTX assets that were seized by the DOJ will be returned to FTX estate creditors and those who lost assets in FTX’s collapse.
Another $800K has been reclaimed for crypto users. pic.twitter.com/jW7PAcF1p4
— Arkham (@arkham) May 29, 2026
The Department of Justice seized the assets after FTX filed for bankruptcy in November 2022, triggering one of the largest financial scandals in crypto history.
DOJ continues FTX asset recovery process
The latest transfer adds to a series of government-led movements involving crypto assets connected to FTX and Alameda. In recent months, authorities have reportedly transferred millions of dollars in tokens, including UNI, RNDR, SAND, and DAI, to Coinbase-linked wallets as part of asset management and liquidation activities.
Arkham said many of the seized Alameda and FTX assets are expected to be used for creditor repayments and compensation for users affected by the exchange’s collapse.
The blockchain intelligence platform noted that the latest transaction represents another recovery step for victims who lost funds during the FTX bankruptcy.
US government holds billions in crypto assets
The US government remains one of the world’s largest holders of cryptocurrency due to multiple asset seizures tied to criminal investigations and forfeiture cases.
Data tracked by Arkham Intelligence estimates that government-controlled wallets currently hold more than $24 billion in digital assets. Bitcoin makes up the majority of those holdings, with approximately 328,000 BTC under government control.
The holdings also include Ethereum, USDT, and several other cryptocurrencies obtained from Silk Road cases, cybercrime investigations, and the FTX collapse.
FTX creditors await further repayments
The collapse of FTX exposed an estimated multi-billion-dollar gap in customer funds after assets were allegedly redirected to Alameda Research for trading and investments.
Since then, authorities and bankruptcy managers have worked to recover assets through seizures, legal settlements, and token liquidations. Sam Bankman-Fried and several former executives have faced criminal convictions tied to fraud and misuse of customer funds.
Market watchers continue monitoring government wallet activity closely, as transfers involving seized crypto assets could influence liquidity and broader market sentiment.
Enjoyed this? Bookmark DeFi Planet, explore related topics, and follow us on Twitter, LinkedIn, Facebook, Instagram, Threads and CoinMarketCap Community for seamless access to high-quality industry insights.
Take control of your crypto portfolio with DEFI PLANET PRO, DeFi Planet’s suite of analytics tools.
