Woofun AI reports that the US government transferred $288.33 million in seized digital assets to Coinbase Prime on Monday. The shipment included approximately 3,800 BTC valued at $235 million and around 30,000 ETH worth $53 million, originating from cases involving Brian Krewson, BTC-e, and Ryan Farace.

Tim Sun, Senior Researcher at HashKey, noted that Coinbase Prime acts as custodian for the US government, with the purpose of the transfer—whether for sale or consolidation—remaining unconfirmed. Arkham data indicates the US government wallet still holds $20.6 billion in crypto assets, including 324,552 BTC.