- The US government transferred another $349,000 in crypto seized from FTX and Alameda Research.
- The transfers are part of a liquidation process that has been ongoing since late 2025.
- Arkham data shows the US government controls more than $22.3 billion in digital assets.
The US government has moved another batch of crypto tied to the FTX and Alameda Research collapse. Blockchain data flagged by Arkham and Onchain Lens showed roughly $349,000 worth of seized assets leaving government-controlled wallets on June 16.
The funds originated from accounts confiscated around three years ago following the collapse of FTX. According to Arkham, the assets are likely part of the recovery process aimed at compensating creditors affected by the bankruptcy.
Five Tokens Leave Government Wallets
On-chain data shows the latest transfers included Maker (MKR), Compound (COMP), The Graph (GRT), Enjin Coin (ENJ), and Measurable Data Token (MDT).
Arkham data shows 247.6 MKR worth about $335,000 moved from wallets labeled “U.S. Government: FTX Alameda.” Smaller amounts of COMP, GRT, and others were also transferred. The total value of the transactions was around $349,000.
The assets were sent to fresh addresses rather than directly to exchanges. Similar transfers in recent months have often been followed by deposits to Coinbase Prime.
Months of Liquidations Continue
The latest movements extend a liquidation process that has been underway since late 2025. On June 10, government wallets transferred around $216,000 in crypto after moving roughly $984,000 earlier the same day.
Those transactions included LINK, AAVE, CHZ, and BAL. One transfer sent 98,591 LINK worth about $768,000 to Coinbase Prime.
The June transactions followed similar asset movements in previous weeks. Around $800,000 worth of assets, including Bitcoin, BAT, YFI, and ZRX, were moved on May 29. Two days earlier, on May 27, another $4.5 million in tokens and DAI stablecoins reached Coinbase.
Transfers involving ETH, USDT, USDC, and DAI worth over $1M also took place on May 19. The pattern points to a gradual reduction of the government’s FTX and Alameda portfolio rather than large one-time sales.
Government Still Holds Massive Crypto Reserves
Arkham data shows that the US government’s wallets control more than $22.3 billion worth of digital assets spread across 611 addresses.
Bitcoin dominates the holdings. The wallets contain around 328,354 BTC valued at roughly $21.93 billion. Other holdings include 62,437 ETH worth $114 million, 145.5 million USDT, 750.7 WBTC, and BNB holdings worth over $25 million.
The assets come from criminal forfeitures linked to the FTX fraud case. Following Sam Bankman-Fried’s conviction, a federal judge ordered the forfeiture of $11 billion. Recovered assets can be sold, with proceeds potentially used for victim compensation.
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