U.S. government moves $288 million in seized bitcoin, ether to Coinbase Prime

CoinDesk·

U.S. government moves $288 million in seized bitcoin, ether to Coinbase Prime

60-second summary

The U.S. government is transferring $288 million in seized bitcoin and ether to Coinbase Prime, moving coins from the Farace and BTC-e seizures into fresh wallets before transferring them to the exchange, defying a previous no-sell reserve order by President Donald Trump, which was reportedly intended to preserve the assets for future use in investigations and potential restitution.

Coins from the Farace and BTC-e seizures moved through fresh wallets before landing on the exchange, despite president Donald Trump's previous no-sell reserve order.