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US government moves $12.36M in ETH, USDC, USDT to Coinbase after recent BTC transfer

Market News
14 Jul 2026
Bitcoin
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Neutral
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The US government transferred $12.36 million in ether (ETH), USDC, and USDT from a Bitfinex hack seizure wallet to Coinbase Prime and another address on July 14, 2026. This move follows a recent transfer of nearly 4,000 BTC to Coinbase Prime, showing ongoing activity in managing seized crypto assets. The transfers were done in small test amounts before full sums to ensure accuracy, reflecting standard security practice. These transfers represent a small fraction (0.06%) of the government's $21.22 billion tracked crypto portfolio, suggesting routine or case-specific handling rather than large-scale liquidation.

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