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Jun 10, 2026

US Government Transfers $768K in FTX-Seized Chainlink Tokens to Coinbase Prime

A wallet linked to US government holdings of seized FTX assets moved 98,590 LINK tokens worth approximately $768,000 to Coinbase Prime on Wednesday, raising speculation about a potential sale of the cryptocurrency.

Jun 10, 2026·2 sources
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Top claims

  • ▪The same March 2025 order created the U.S. Digital Asset Stockpile for non-Bitcoin assets, which can be sold or otherwise disposed of.
  • ▪The US Marshals Service, a division of the Department of Justice, selected Coinbase Prime in July 2024 to manage custody and trading of its seized large-cap digital assets.
  • ▪A March 2025 executive order established the Strategic Bitcoin Reserve, mandating that forfeited Bitcoin be held as a reserve asset and not sold.

Topics

Crypto custody regulationCrypto exchangesCrypto regulationCrypto enforcement actions

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