The US government transferred 33.6 million US dollars in Cryptocurrency! FTX, Alameda detained funds flowing to a mysterious Address

On-chain data shows that the US government transferred Cryptocurrency worth $33.6 million to 2 undisclosed addresses early this morning. These assets were seized from the collapsed Cryptocurrency exchange FTX and its affiliated company Alameda Research.

Data source: Arkham

According to on-chain analysis platform Arkham Intelligence, starting around 3:30 am, a large amount of cryptocurrency marked as 'FTX Alameda Seized Funds' was transferred out of the US government Wallet, including 5,024 Ethercoins worth $1,800, to 2 new addresses starting with '0x9cd' and '0x9ac'.

In addition, the wallet will transfer $13 million worth of Stable Coin BUSD, $1.5 million worth of Shiba Inu coin (SHIB), and other alternative coins to the two addresses mentioned above.

There are a wide variety of transferred Token types, including AERGO, POWR, AXS, YFI, WBTC, NMR, COMP, SRM and RLC.

As the US government massively shifts these assets, the coin market is experiencing a comprehensive Rebound. Among them, Ethercoin has risen slightly by 0.6% in the past 24 hours, with the current price reaching $3,675, nearly 50% higher than a month ago when it was $2,460.

The US government's transfer of nearly 2 billion dollars in BTC has raised concerns about dumping risk in the market.

This article was first published in Blockinpress.