Residence » Ethereum » US govt moves $200K in Ethereum to Coinbase after test transaction
Jul. 7, 2025
Over 60,000 ETH sit down within the authorities’ custody, on-chain recordsdata reveals.
Key Takeaways
- A US government crypto pockets made a $10 test transaction to Coinbase High.
- The pockets holds 100,000 ETH that were seized from Bolt Senecal in 2022.
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A pockets controlled by the US government honest despatched around $10 rate of Ethereum (ETH) to Coinbase High on July 7, per recordsdata tracked by Arkham Intelligence. The government then transferred one more $200,000 rate of ETH to the change.
Authorities for the time being withhold approximately 60,000 ETH of their crypto pockets, per on-chain recordsdata.
Arkham flagged the transaction as originating from a pockets labeled “US Government: FBI,” which holds ETH seized from NFT scammer Bolt Senecal in October 2022. The handle has remained dormant for the reason that seizure.
ARKHAM ALERT: THE US GOVERNMENT JUST DEPOSITED ETH TO COINBASE
A US Government pockets honest made a test transaction of $10 to a Coinbase High deposit.
This pockets holds $100K ETH, within the starting put apart seized from Bolt Senecal in October 2022. pic.twitter.com/NkLgFcBPZ6
— Arkham (@arkham) July 7, 2025
While the motive is unconfirmed, the job regarded as if it could well most likely maybe be a test transaction, which is recurrently historical sooner than most necessary fund movements much like liquidations, custody transfers, or within accounting.
Ethereum was as soon as hovering around $2,500 at the time of reporting, per TradingView. The 2nd-largest digital asset saw a brief decline following pockets job.
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