Transfer Activity Detected in Cryptocurrency Assets Held by the US Government
Recent data from Onchain reveals that there has been movement in cryptocurrencies that are under the control of the US government.
According to the data, the US government has transferred some of the assets it confiscated from the Bitfinex hacker. These cryptocurrency wallets had been inactive for 8 months prior to the recent transfer.
Approximately $20 million worth of stablecoins held by the decentralized cryptocurrency platform Aave were withdrawn by the US government from the platform and moved to a different cryptocurrency wallet. The stablecoins in question include USDC and USDT. Notably, all the funds were transferred to a single crypto wallet address.
At present, the US government possesses a substantial amount of cryptocurrency, with the total value of the assets under their control amounting to around $14.14 billion. The majority of these assets, $13.77 billion, are in Bitcoin.
In addition to Bitcoin, the US government also holds altcoins that were seized through various means. These altcoins include $126 million worth of Ethereum, $121 million worth of USDT, $50.77 million worth of WBTC, $23.86 million worth of BNB, $13.18 million worth of BUSD, $10.14 million worth of USDC, $8 million worth of DAI, $2.5 million worth of TRX, $2.40 million worth of UNI, $1.42 million worth of RNDR, $1.26 million worth of BAND, and other less valuable cryptocurrencies.
Please note that this article does not provide investment advice.
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