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

Overview of the Transfer

The US government has moved more than $560 million in seized digital assets to Coinbase Prime on October 7, 2026. The assets include Bitcoin, Tether's USDT, and a slice of BNB, with part of it directly tracing to the FTX and Alameda Research forfeiture cases.

Breakdown of the Transfer

The total transferred was approximately $566 million across several transfers. The largest chunk was roughly $470 million in BTC and USDT sent to Coinbase Prime.

Direct Ties to Forfeiture Cases

A separate transfer of $94.15 million in USDT was explicitly tied to forfeited funds from the FTX and Alameda cases.

Bitcoin Allocation

Around 833.6 BTC landed directly in Coinbase Prime addresses.

BNB Allocation

Approximately 40,285 BNB, valued at about $31.63 million, moved from FTX and Alameda seizures to intermediary wallets.

Implications for FTX Creditors

For FTX creditors, every forfeited dollar that gets converted and routed through the right legal channels is potentially another dollar toward making victims whole. The recent transfer highlights the ongoing efforts to distribute assets from the FTX estate, which had already paid out over $7.6 billion by early 2026.