On-chain information has revealed that some altcoin funds seized from the bankrupt cryptocurrency trade FTX and its associated bankrupt cryptocurrency firm Alameda have been transferred by the US to Coinbase.
In line with the info, 98,591 Chainlink (LINK) tokens value $768,000 have been transferred from wallets held by the US authorities to Coinbase, and it’s believed that additional fund transfers are on the best way.
Associated Information One other Nasdaq-Listed Firm Has Introduced the Sale of a Giant Quantity of Bitcoin (BTC)
It’s unattainable to straight decide whether or not these transfers are for promoting functions with out an official assertion, however fund transfers from chilly wallets to centralized cryptocurrency exchanges typically end in gross sales.
Nonetheless, a possible sale would contradict the US’s earlier announcement that the nation wouldn’t “promote cryptocurrencies” and that it deliberate to construct a cryptocurrency treasury with seized property. US officers said that the nation wouldn’t straight purchase cryptocurrencies however that this treasury can be created by not promoting cryptocurrencies seized by way of numerous strategies.
*This isn’t funding recommendation.
