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U.S. Government Transfers $288M in Bitcoin and Ether to Coinbase Prime on Monday, Data Shows

2026-07-14 10:32:14

BTC-0.09%

ETH0.96%

COIN-1.04%

ARKM0.21%

According to onchain analytics platform Arkham Intelligence, U.S. government-linked wallets transferred approximately $288 million worth of bitcoin and ether to Coinbase Prime on Monday. The transfers included roughly 3,800.5 BTC and 30,007 ETH across multiple transactions. The assets originated from law enforcement seizures, including some linked to high-profile cases such as the conviction of Ryan Farace for dark web drug-related activities and Brian Krewson, who allegedly laundered $54 million in cryptocurrency proceeds tied to narcotics trafficking. Some assets were also tied to the defunct unlicensed exchange BTC-e, which processed billions in illicit funds before its 2017 shutdown.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

In-Depth Analysis

Gate Daily Report (July 14): The US government transfers 297 million in cryptocurrency; Trump urges the Senate to pass the “CLARITY Act”

Market Whisper10h ago

Bitcoin Whale Moves $188M After 7 Years as Trader Swaps $31M ETH

Crypto Frontier07-13 11:34

Bitcoin Whale Moves $188M in BTC After Seven-Year Dormancy

Crypto Frontier07-13 02:21

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