Market News / Story
US government moves $470M in seized Bitcoin and Tether to Coinbase Prime
Crypto Briefing ·
Crypto Briefing reports: The US government has moved $470 million in Bitcoin and Tether from seized funds to Coinbase Prime, according to a post on X tracking the activity. The appearance of Tether in the mix makes this move stand out. Earlier reported government transfers did not include USDT, even though government wallets hold significant amounts of the stablecoin. Coinbase Prime is the institutional platform that the US Marshals Service (USMS) selected in July 2024 to handle custody and…