**[U.S. Government Transfers Nearly $300 Million in Crypto Assets, Involving BTC-e, Farace Fraud, and Money Laundering Cases]** BlockBeats News, July 14: According to on-chain data platform Arkham, a U.S. government-associated wallet transferred approximately $288 million worth of seized crypto assets to Coinbase Prime on Monday. Among these, 2,875 BTC (approximately $178 million) from the seized address related to Ryan Farace (the "xanaxman" case) and 925.512 BTC (approximately $57 million) from the closed exchange BTC-e case were routed through newly created intermediary addresses before being transferred to Coinbase Prime. Additionally, another wallet associated with the Brian Krewson money laundering case directly transferred 30,007 ETH (approximately $53.09 million) to Coinbase Prime. Reports indicate that this transfer occurred after former President Trump signed an executive order in March 2025, mandating that seized Bitcoin in the strategic Bitcoin reserve should, in principle, not be sold. However, the transfer of funds to Coinbase Prime does not necessarily imply they have been sold, as the platform also provides custody, financing, and asset management services. As of now, U.S. government-associated wallets still hold approximately $20.65 billion in crypto assets, including 324,552 BTC, 28,394 ETH, and 145.5 million USDT. This transfer represents only a small portion of their overall holdings. [Original Link]