The United States government has executed a transfer of approximately $984,000 in cryptocurrency seized from Alameda Research and FTX, marking the latest step in the ongoing effort to repay creditors of the collapsed exchange. According to data from Arkham Intelligence, at least $768,000 of those funds were directed to Coinbase Prime, a platform likely used to facilitate the liquidation of assets for distribution by the FTX Estate.
The transaction, detected on June 11, 2026, is part of a broader, systematic process where authorities manage and convert digital assets recovered from the notorious entities. While small relative to the government’s overall crypto holdings, the movement underscores the active role federal agencies play in navigating bankruptcy recovery procedures. The FTX Estate remains the ultimate destination for these recovered funds.
Arkham Intelligence data reveals that the US government currently controls a cryptocurrency portfolio worth nearly $20.93 billion. Bitcoin ($BTC) constitutes the overwhelming majority, with 328,354 BTC worth about $20.57 billion. The portfolio also includes 62,437 ETH (roughly $103.2 million), 145.5 million USDT, and smaller amounts of WBNB, AUSDC, BNB, and WBTC. This latest transfer represents only a tiny fraction of the total seized assets under government management.
The movements are part of the long-running FTX and Alameda recovery proceedings. Since the exchange’s collapse, authorities have worked to trace, secure, and eventually return value to affected creditors through controlled transfers and, when appropriate, liquidation. Blockchain monitoring platforms continue to track these wallet activities, providing transparency into a complex asset recovery process.
