US Government Crypto Wallet Moves Millions in FTX, Silk Road, Bitfinex Funds

• The U.S. government has moved billions in crypto assets tied to high-profile cases.
• Recent transactions include $18 million in Ethereum and other tokens.
• Despite large movements, the market has shown resilience, avoiding panic responses.

The U.S. government’s crypto wallet has sprung to life again, moving billions in seized funds tied to some of the crypto industry’s most infamous scandals.

US Moves Billions in Crypto

Since Nov. 29, government-controlled wallets have made several high-value transactions involving confiscated assets from Silk Road, Bitfinex, and FTX.

The latest activity was observed on Tuesday, Dec. 3. According to data from Arkham Intelligence , the government transferred 5024 Ether (ETH), approximately $18 million, to two addresses starting with “0x9cd” and “0x9ac.”

The U.S. government also transferred $13 million in Binance USD (BUSD) and $1.5 million worth of Shiba Inu (SHIB) alongside a diverse mix of tokens such as AXS, YFI, and WBTC. The wallets labeled as “FTX Alameda Seized Funds” sourced these assets.

Before moving the FTX-linked funds, the government shifted nearly $2 billion in Bitcoin (BTC) from Silk Road-related seizures to its Coinbase Prime account.

The Silk Road marketplace, a dark web platform for illicit transactions, was dismantled nearly a decade ago. Yet its legacy remains entangled in crypto seizures and auctions.

While such transfers often hint at potential sales, experts suggest these movements could align with custodial management strategies rather than signaling an immediate market dump.

Market Stability Amid US Transfers

Historically, large-scale government crypto transfers have triggered market turbulence, with investors fearing mass liquidations.

However, buoyed by a historic Bitcoin rally and a surging altcoin sector, the current crypto market has largely shrugged off these developments.

Bitcoin recently breached multiple all-time highs and has slowed in momentum, paving the way for altcoins like Ripple (XRP) and Solana (SOL) to claim the spotlight.

This evolving maturity in market behavior reflects a shift away from knee-jerk reactions to government wallet activities.