The US government sent $297 million in Bitcoin (BTC) and Ether (ETH) to Coinbase Prime in two transfers on Monday. Blockchain intelligence firm Arkham tracked an initial $8.8 million deposit, then a second $288.33 million deposit three hours later.
The larger transfer combines forfeitures from three separate criminal cases. It includes assets tied to Brian Krewson, the defunct BTC-e exchange, and dark web drug dealer Ryan Farace.
A Pattern Tracked Before
This is not the first false alarm from a Coinbase Prime deposit. Forfeited funds moved the same way in January, sparking Samourai Bitcoin sale rumors….





