US government moves over $560M in seized FTX-linked crypto to Coinbase Prime

US government wallets moved more than $560 million in seized digital assets on October 7, 2026, with Coinbase Prime on the receiving end. The haul included Bitcoin, Tether’s USDT and a slice of BNB, and part of it traces directly to the FTX and Alameda Research forfeiture cases. What moved, and where it went The total came to approximately $566 million across several transfers. The largest chunk was roughly $470 million in BTC and USDT sent to Coinbase Prime. A separate transfer of $94.15 million in USDT was tied explicitly to forfeited funds from the FTX and Alameda cases. On the Bitcoin side, around 833.6 BTC landed directly in Coinbase Prime addresses. Approximately 40,285 BNB, valued at about $31.63 million, moved from FTX and Alameda seizures to intermediary wallets. A familiar route for seized crypto Since 2024, Coinbase Prime has served as the designated custodian for all US Marshals Service transfers of seized digital assets. It offers custody and trading services for large holders. In June 2026, about $984,000 in LINK and AAVE tied to FTX was routed to the platform. By early 2026, the FTX estate had distributed over $7.6 billion to creditors, and proceedings were still ong...