- The U.S. Government transferred 97.34 BTC and 884.3 ETH, valued at $10.3 million, within eight hours after seizing funds from Sae-Heng.
- Authorities currently hold 198,439 BTC ($17.28B) and 58,085 ETH ($116M), alongside other assets like WETH, USDC, and SHIB from previous seizures.
- The latest transactions reflect ongoing management of confiscated crypto, with large-scale asset repositioning as part of broader regulatory oversight strategies.
The U.S. Government recently transferred confiscated crypto assets, according to a tweet by Spot On Chain. The tweet states that 97.34 BTC and 884.3 ETH were moved to new wallets in the past eight hours. These funds were seized from Sae-Heng, who was involved in confidence scams.
Recent Asset Transfers
The government transferred 97.34 BTC, valued at approximately $8.52 million, to a new wallet address. At the same time, 884.3 ETH, worth about $1.78 million, was moved to another wallet. These transfers occurred within the past eight hours and show active management of seized assets.
Authorities continue to reposition these funds as part of their asset recovery efforts. The moves signal a systematic approach to handling digital assets acquired through legal seizures. The transfers were executed swiftly to secure the funds and update the custody records. This active management demonstrates the government’s focus on asset security in the crypto market.
Government Crypto Holdings
The tweet also details the vast crypto holdings still controlled by the U.S. Government. Currently, the government holds 198,439 BTC valued at roughly $17.3 billion and 58,085 ETH worth about $116 million.
In total, the digital asset portfolio amounts to approximately $17.41 billion, showing a marginal increase of 0.242%. The portfolio includes additional tokens such as Wrapped Ethereum, USDC, and SHIB. The dominant portion of these holdings comes from Bitcoin confiscations related to criminal cases.
Asset Management and Market Oversight
The recent transfers are part of ongoing efforts to manage and secure confiscated digital assets. Authorities continue to monitor these assets closely while repositioning funds for optimal security. This process forms a key element of the broader strategy to handle illicit crypto holdings. The active transfers also serve to update custody arrangements as market conditions change.
The detailed breakdown provided in the tweet by Spot On Chain offers clear insight into government operations in the crypto space. The transparent disclosure of token amounts and values helps market participants understand the scale of state-held assets. With these moves, the government demonstrates its commitment to effective asset management and regulatory oversight in the digital asset industry.
