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US government transfers $470M seized Bitcoin and Tether to Coinbase Prime

The US government moved $470 million in seized Bitcoin and Tether to Coinbase Prime, according to an X post tracking the activity.

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The US government has moved $470 million in Bitcoin and Tether from seized funds to Coinbase Prime, according to a post on X tracking the activity. The appearance of Tether in the mix makes this transfer stand out. Earlier reported government transfers did not include USDT, even though government wallet activity has been tracked before.