U.S. Government Transfers $288M in Seized Bitcoin and Ether to Coinbase Prime

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The U.S. government has moved approximately $288 million worth of seized Bitcoin and Ether to Coinbase Prime, a custody and trading platform. The digital assets originated from two separate prior seizures linked to the Farace case and the defunct crypto exchange BTC-e. Before reaching Coinbase Prime, the funds were routed through newly created wallets. The transfer has drawn attention as it appears to conflict with President Donald Trump's earlier executive order prohibiting the sale of government-held cryptocurrency reserves.

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