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Morning Edition · Thursday, October 8, 2026Published at 1:50 AM EDT · New York
US government moves about $470 million in seized crypto to likely Coinbase Prime addresses
Arkham Intelligence traced Bitcoin, wrapped Bitcoin and other assets out of government-controlled wallets on October 7, three months after a similar $297 million transfer, and the sales question returns under a reserve policy that bars selling some coins but not all.
On October 7, blockchain analytics firm Arkham Intelligence said the US government had moved about $470 million in seized crypto to addresses that Arkham identifies as probably belonging to Coinbase Prime, the exchange's institutional custo…
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States Turn Crypto Rails Into Sanctions Instruments
Governments increasingly track, freeze, and seize on-chain assets to enforce sanctions, turning traceable ledgers and centrally controlled stablecoins into extensions of financial statecraft rather than escapes from it.
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