The US government quietly shuffled another chunk of crypto seized from the FTX and Alameda Research wreckage onto Coinbase Prime on June 10, moving roughly $984,000 in digital assets to the institutional trading platform.

The bulk of the transfer, about $768,000, consisted of 98,591 LINK tokens. The remaining $216,000 was spread across a handful of altcoins including AAVE, CHZ, and BAL. On-chain analyst OnchainLens tracked the funds moving in two separate batches from government-controlled wallets.

Another round of FTX estate liquidations

This is the latest in a well-established pattern of the US government converting seized digital assets into cash, primarily to pay back the creditors who got caught in the FTX implosion of November 2022.

Just last month, a larger batch of FTX-aligned holdings made the same trip to Coinbase. That May transfer involved several million dollars across a broader token mix, including UNI, RNDR, and SAND.

By early 2026, the FTX estate has already disbursed over $7.6 billion to creditors.

Why Coinbase Prime keeps showing up

Coinbase Prime is the company’s institutional custody and trading arm, designed for large-scale, regulated asset management. The US Marshals Service and other federal bodies have used Coinbase for asset liquidation in the past.

What this means for investors

The market’s reaction to this latest transfer was, in a word, nothing. Prices for LINK, AAVE, CHZ, and BAL didn’t show any meaningful deviation following the on-chain movement.

For LINK holders specifically, 98,591 tokens represents a tiny fraction of daily trading volume. The same logic applies to the smaller AAVE, CHZ, and BAL positions.

Investors in tokens that were part of Alameda’s broader portfolio should keep an eye on government wallet activity, which on-chain analysts like OnchainLens continue to monitor in real time.