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US government deposits $288M in seized Bitcoin and Ether to Coinbase Prime for managed liquidation

Market News
13 Jul 2026
Crypto Briefing
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Neutral
pluang ai news

The US government transferred $288 million worth of Bitcoin and Ether, seized from criminal cases involving BTC-e and drug trafficking, to Coinbase Prime, its institutional platform. This move reflects a shift to regulated, compliance-focused custody and structured liquidation, replacing earlier bulk auctions. Coinbase Prime enables over-the-counter sales to minimize market impact, with transparency allowing investors to monitor potential government sales. This signals a more methodical approach to managing and liquidating confiscated crypto assets going forward.

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