U.S. government-linked wallets move 833.6 BTC and 40,285 BNB to Coinbase Prime

Wallets linked to the U.S. government moved 833.6 BTC worth about $71 million on Tuesday, its first bitcoin movement since Aug. 26 after roughly six weeks of quiet. CoinDesk, citing Arkham data, put the bitcoin at $71.6 million and said it was sent to two addresses Arkham does not label, which then forwarded it to addresses Arkham labels as Coinbase Prime deposit addresses. The bitcoin came from a wallet Arkham labels as Potapenko/Turogin forfeited funds holding 568.7 BTC and from 264.9 BTC seized in the 2016 Bitfinex hack, in which 120,000 BTC were stolen and roughly 94,636 BTC later confiscated from Ilya Lichtenstein and Heather Morgan. In separate moves from forfeited FTX wallets, the government shifted about $31.63 million of BNB, which CoinDesk says came from assets seized from Alameda Research, moving 40,285 BNB through two unlabeled addresses, and Bitcoin.com News reported the BNB figure separately. Onchain analyst Sani, who runs timechainindex.com, said he found the movements first around 11 a.m. Eastern and described the 0.00115539 BTC sent to Coinbase Prime as most likely a test transaction before the rest of the coins move. No outlet reports a confirmed sale, and Bitcoin Insider noted that transfers of this kind also reflect internal custody moves and consolidation, not just disposals. Bitcoin.com News put the government's remaining holdings at 323,693.83 BTC worth roughly $27.72 billion, while CoinDesk put total seized crypto at about $27.5 billion.