U.S. Government Moves $103 Million in Seized Bitcoin and BNB, Sending BTC to Coinbase Prime

Wallets linked to the U.S. government transferred 833.599 BTC to Coinbase Prime and 40,285 BNB to a fresh wallet on Tuesday, according to Onchain Lens.

U.S. government moves $103 million in seized BTC, BNB, sending BTC to Coinbase Prime

Posted October 7, 2026 at 6:04 am ET.

Quick Take

Wallets tied to the U.S. government moved a large batch of seized crypto, mostly bitcoin headed to Coinbase Prime.
The assets trace to past forfeiture cases, and a Coinbase Prime deposit does not by itself show a sale.
A 2025 executive order bars selling reserve bitcoin, while other forfeited assets fall under a separate Treasury-managed stockpile.

Wallets linked to the U.S. government moved $103.19 million in seized and forfeited crypto on Tuesday, Onchain Lens said in an X post. The moves include 833.599 BTC, worth $71.56 million, sent to Coinbase Prime, and 40,285 BNB, worth $31.63 million, sent to a fresh wallet.

Onchain Lens tied the bitcoin to forfeitures in the Potapenko/Turogin and Bitfinex hack cases, and the BNB to seized FTX and Alameda funds. Arkham labels put roughly 568.7 BTC of the bitcoin in the Potapenko/Turogin forfeiture, with about 264.9 BTC coming from the Bitfinex case.

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No Sale Announced

Coinbase Prime is an institutional custody and trading platform, so a deposit there does not by itself show that the coins were sold. Unchained found no announcement of a sale tied to the transfers at the time of publication.

A March 2025 executive order says government bitcoin deposited into the Strategic Bitcoin Reserve “shall not be sold.” That language applies to coins placed in the reserve. The same order creates a separate Digital Asset Stockpile for digital assets other than bitcoin that the Treasury Department owns and that were finally forfeited, and says the Treasury secretary “shall determine strategies for responsible stewardship” of it.

HashFlare Case Background

Estonian nationals Sergei Potapenko and Ivan Turõgin, who operated the purported mining service HashFlare, pleaded guilty in February 2025 to conspiracy to commit wire fraud and agreed to forfeit assets worth more than $400 million as of the plea date. The Justice Department said at the time that the forfeited assets “will be available for a remission process to compensate victims of the crime.”

AI-assisted content: This article was produced with the assistance of AI tools and was reviewed, edited, and fact-checked by a member of the Unchained editorial team before publication.

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