Wallets related to the US government have moved a total of 86,56,794 ETH (approximately $219,000) to today’s Coinbase Prime platform, according to data shared by blockchain analytics firm Arkham Intelligence.
The transfer occurred in two separate transactions. One was worth just 0.00394 ETH (about $10) and the other was worth 86,564 ETH.
These ETH sources were identified as wallets belonging to Chase Senecal (aka Hz), where digital assets were seized by the state in October 2022.
Chase Senecal is known as a con man, especially for his phishing attacks and NFT theft. Using the pseudonym “Hz,” Senecal stole hundreds of thousands of dollars of digital assets through attacks targeting creators and collectors of the well-known NFT collection. A survey conducted in 2022 revealed that the FBI seized Senecal’s Apple Watch, luxury watches and crypto assets.
After Donald Trump became President of the United States, the US government began a practice that would not sell cryptocurrencies, including Bitcoin. It is not clear whether the transfer in question was a sale.
*This is not investment advice.