The post U.S. Moves Seized FTX/Alameda Funds Worth Millions appeared first on Coinpedia Fintech News
U.S. government wallets transferred portions of seized FTX/Alameda funds to two new addresses in the last five hours. The transfers included 5,024 ETH (valued at $18.17M), 13.58M BUSD, 54.89B SHIB ($1.55M), and various tokens like AERGO, POWR, AXS, YFI, WBTC, and COMP. This strategic movement, reported by Arkham, highlights ongoing asset redistribution tied to the FTX/Alameda case. The U.S. government’s transfer of 54.89 billion SHIB, alongside other assets from seized FTX/Alameda funds, could shake the market. If these tokens are liquidated on exchanges like Binance, SHIB prices might face selling pressure, raising concerns among investors about potential market impact.