- On Tuesday, the U.S. authorities transferred $33.6 million in cryptocurrencies from their “FTX Alameda Seized Funds” accounts to two anonymous addresses.
- The total includes 5,024 ether and 13.5 million BUSD.
The U.S. government has transferred over $33.6 million in cryptocurrency to two unnamed addresses from its wallet, which contained a portion of the money taken from the defunct cryptocurrency exchange FTX and trading company Alameda.
According to data from Arkham Intelligence, the government sent 5,024 ether, or around $18 million, to two addresses that began with “0x9cd” and “0x9ac,” as part of a series of transactions on Tuesday.
Additionally, $13 million in BUSD, $1.5 million in SHIB, and numerous other tokens were transferred to the two locations by the government wallets, which Arkham referred to as Funds were seized by FTX Alameda. These include AERGO, POWR, AXS, YFI, WBTC, NMR, COMP, SRM, and RLC.
The transactions followed a surge in cryptocurrency prices across the board. Ether increased by 0.3% over the last day to $3,643, from $2,460 one month prior.
Notably, Ethereum’s onchain volume hit $183.74 billion in November, the biggest monthly volume so far this year.
As market players shift down the risk curve and reallocate money from CEXs to onchain operations, capital rotation is probably the cause of this surge.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
