Wallets tied to the US government moved 12,267 seized Bitfinex bitcoin, worth about $1 billion, to new unlabeled addresses. No exchange deposit was recorded, CoinDesk reported. Whether Washington is selling turns on the smaller sums it sent to Coinbase Prime.
Perspective Coverage
6 publishers
- Builder
- Builder 5%
- Operator
- Operator 27%
- Investor
- Investor 68%
Reality
- Evidence60
- Adoption
- Not scored
- Hype gap+10
- Incentives
- Not scored
- Confidence55
US government sends $770m of seized bitcoin to Coinbase Prime in its biggest outflow since 2024
The US government moved 9,261 bitcoin worth about $770 million to Coinbase Prime, its largest outflow since December 2024, Galaxy Research data showed. The venue is the US Marshals Service's custody desk, so a deposit there does not confirm a sale.
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+10
- Incentives
- Not scored
- Confidence50
US government wallets sent 9,261 bitcoin worth $770 million to Coinbase Prime in two days, according to Galaxy Research. With half from the Bitfinex hack and a 2025 order barring sales, custody or restitution fits the record better than a sale.
Perspective Coverage
3 publishers
- Builder
- Builder 12%
- Operator
- Operator 38%
- Investor
- Investor 50%
Reality
- Evidence58
- Adoption
- Not scored
- Hype gap+12
- Incentives
- Not scored
- Confidence60
US government wallets moved about $470 million of seized Bitfinex- and Alameda-linked crypto to likely Coinbase Prime addresses, Arkham said. Trump's reserve order lets officials repay victims from seized coins, so even a sale of this pool would say little about the pledge to keep reserve bitcoin.
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+15
- Incentives
- Not scored
- Confidence55
US government wallets sent 833.6 BTC, worth about $71.6 million, toward Coinbase Prime on Oct. 7, roughly 0.26% of the bitcoin they still hold. The risk that the stash comes to market depends far more on the executive orders limiting sales of reserve bitcoin than on transfers this small.
Perspective Coverage
6 publishers
- Builder
- Builder 7%
- Operator
- Operator 36%
- Investor
- Investor 57%
Reality
- Evidence70
- Adoption
- Not scored
- Hype gap+15
- Incentives
- Not scored
- Confidence62
Police tie two Dallas men to an armed attempt on a San Jose home believed to hold crypto
Two Dallas men posed as delivery workers, one armed, to get into a San Jose home they believed held large crypto holdings, police say. The attempt ended when nobody answered the door. For crypto holders, the case points to security that covers the house and a low public profile too.
Reality
- Evidence40
- Adoption
- Not scored
- Hype gap+10
- Incentives30
- Confidence40
Former detective who ran Adam Iza's guard firm gets 21 months for abusing his badge
Eric Chase Saavedra, the ex-LA sheriff's detective who ran Adam Iza's guard firm, got 21 months in prison, the last of five deputies sentenced. The case record shows Iza's roughly $100,000 a month also bought police database searches and a court warrant, a risk that comes with any security firm staffed by serving officers.
Reality
- Evidence58
- Adoption
- Not scored
- Hype gap+5
- Incentives
- Not scored
- Confidence55