OnchainLens monitoring data and Arkham Intelligence confirmed on May 28 that the U.S. government transferred approximately $1.9 million in six types of crypto tokens (UNI, RNDR, SAND, MASK, AXS, APE) and $2.656 million in DAI from the funds confiscated from the FTX Alameda Research Company into Coinbase, totaling $4.556 million.
Arkham-confirmed transfer details and token composition
(Source: Arkham)
According to Arkham Intelligence’s monitoring, a wallet marked as belonging to the U.S. government sent approximately $1.89 million worth of tokens to a Coinbase Prime deposit address. The funds’ original source account was located on Binance.
BeInCrypto data confirms that, by market value, UNI (Uniswap) is approximately $2.08 billion and RNDR (Render) is approximately $1.14 billion— the two largest tokens by value in this transfer; SAND, MASK, and AXS each account for value in the hundreds of thousands of dollars. Coinbase Prime is Coinbase’s institutional services division, providing custody and structured trading services for hedge funds, asset management firms, and government agencies. Arkham confirmed that the U.S. government’s prior transfers to Coinbase Prime occurred before a custody change or full liquidation, including earlier precedents of Bitfinex Bitcoin Coinbase transfers.
Background of the 2023 forfeiture case: DOJ’s actions against Binance Alameda accounts
The tokens involved in this transfer trace back to January 2023. The DOJ filed a civil forfeiture lawsuit against three Alameda accounts on Binance and Binance.US. At the time, these accounts held more than $300 million in assets, as part of the FTX bankruptcy case. The FTX bankruptcy case has, to date, led courts to order the forfeiture of more than $11 billion in assets.
BeInCrypto’s confirmed historical patterns show that, in late 2024, the same federal government address previously exchanged confiscated Aragon (ANT) tokens for Ethereum. Previously, approximately $33 million worth of ETH, BUSD, and other tokens in an FTX wallet were also transferred in a similar manner.
Current state of the U.S. government’s crypto asset portfolio and DOJ’s disposition preference
Arkham data as of early May 2026 confirms that U.S. government entities collectively hold 610 wallet addresses, with a total crypto asset portfolio value of approximately $27 billion. Among them, holdings of 328,361 Bitcoins (about $26.6 billion) account for over 98%, while Ethereum, stablecoins, and wrapped tokens trail far behind.
BeInCrypto confirmed that the DOJ’s asset forfeiture plan tends to prioritize liquidating non-core altcoins rather than Bitcoin, treating Bitcoin as a long-term reserve and transferring it in a more orderly batch manner. Early market reactions on X largely viewed the $1.9 million transfer as routine asset management, since the funds represent only a very small portion of the U.S. government’s total crypto holdings.
Frequently Asked Questions
What are the token sources and legal basis for this U.S. government transfer?
According to a BeInCrypto-confirmed report, the tokens came from the DOJ’s civil forfeiture lawsuit filed in January 2023 against three Alameda accounts on Binance and Binance.US, as part of the FTX bankruptcy case. The FTX case has, to date, led courts to order the forfeiture of more than $11 billion in assets.
Why transfer to Coinbase Prime rather than sell directly?
Coinbase Prime is Coinbase’s institutional services division, providing custody and structured trading services for government agencies, supporting the orderly sale of large volumes of assets or custody conversion. Arkham confirmed that the U.S. government’s prior transfers to Coinbase Prime occurred before the final liquidation, but the final disposal method of this transfer has not yet been officially confirmed.
What is the confirmed scale of the U.S. government’s current crypto asset holdings?
According to Arkham data as of early May 2026, U.S. government entities collectively hold 610 wallet addresses, with a total crypto asset portfolio value of approximately $27 billion. Among them, 328,361 Bitcoins (about $26.6 billion) account for more than 98%, making them the absolute main asset.
