- The US government transferred $250k in SHIB originally owned by SBF and Alameda.
- Liquidated assets from FTX seizures are funneled back to settle victims and creditors.
- Former FTX CEO Sam Bankman-Fried exhausted his final legal appeals in June 2026.
Blockchain analytics platform, Arkham Intelligence, has revealed that the US government moved $250,000 worth of meme coins originally belonging to Sam Bankman-Fried, the convicted FTX founder.
In its latest post on X, the analytics platform noted that the transferred digital assets were SHIB tokens seized from FTX and Alameda Research. According to Arkham Intelligence, the US government plans to hold the seized SHIB and presumably use it to repay creditors in the FTX case.
FTX to Pay Creditors on July 31
Arkham’s report emerged days after the now bankrupt crypto exchange publicized plans to release nearly $600 million to pay creditors. According to reports, FTX scheduled the next distribution of funds for July 31.
It is worth noting that FTX filed for Chapter 11 protection in November 2022. Meanwhile, according to Sunil Kavuri, a representative for the largest group of FTX creditors, the record date for distribution was June 16, implying that only creditors who held claims as of that date are eligible for the upcoming round of payments.
The DOJ Has Finalized The Case on FTX Leadership
In the meantime, the US Department of Justice (DOJ) has largely finalized its criminal actions against FTX’s leadership. Former CEO Sam Bankman-Fried exhausted his final legal appeals in June 2026, solidifying his 25-year federal prison sentence for defrauding customers.
Besides Bankman-Fried, other top FTX executives who cooperated with the government also received sentences, closing the primary criminal chapter of the collapse.
US Prioritizes Victims’ Settlement
Meanwhile, the US government is prioritizing paying back FTX victims over settling claims by government agencies, including the IRS, which originally claimed FTX owed up to $44 billion in unpaid taxes. The agency later agreed to vastly reduce the fee to an $885 million settlement.
Also, the Commodity Futures Trading Commission reached a $12.7 billion settlement with FTX. The CFTC similarly agreed to direct all recovered funds toward a “Customer Remittance Fund” to ensure victims receive compensation ahead of government fines.
Using its internal mechanisms, the US government funnels funds generated from FTX asset liquidations back into the defunct exchange’s bankruptcy estate to bankroll the ongoing creditor repayment distributions.
Related: US Government Moves More Seized FTX Crypto After $288M Transfer
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