CoinTelegraph • October 8th 2026, 11:03 AM
US government moves $770M of seized Bitcoin to Coinbase Prime
Key Summary
The US government has transferred $770 million worth of seized Bitcoin to Coinbase Prime, including funds from Bitfinex hackers and unknown holdings, in an effort to recover crypto assets from prior exploits and comply with an executive order to not sell seized Bitcoin. The move follows previous transfers of $297 million in Bitcoin and Ether to the platform. Coinbase Prime has been used as the custody provider for seized assets since 2024.
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Overview of the Transfer
The US government has transferred 9,261 Bitcoin worth $770 million to Coinbase Prime, including funds from Bitfinex hackers and unknown holdings. This move is part of the government's efforts to recover crypto assets from prior exploits and comply with an executive order.Previous Transfers and Seizures
Previous transfers of $297 million in Bitcoin and Ether to Coinbase Prime have been made by the US government, with funds originating from high-profile US government crypto seizures. The government has been using Coinbase Prime as the custody provider for seized assets since 2024.Compliance with Executive Order
The executive order, signed by President Donald Trump in March 2025, specifies that seized Bitcoin should not be sold and should become part of the country's Strategic Bitcoin Reserve. The transfer to Coinbase Prime is seen as a way to comply with this order and recover crypto assets from prior exploits.Onchain Flows and Analysis
The onchain flows show that the US government continues to recover crypto assets from prior exploits. The transfer of 2,456 BTC from previously unknown holdings to Coinbase Prime may represent new law enforcement seizures. This move is seen as a positive step in the government's efforts to recover crypto assets and comply with the executive order.#US#Crypto#Bitcoin#USGovernment#CoinbasePrime