The US government recently made a significant transfer of nearly 4,000 Bitcoin to the popular cryptocurrency exchange, Coinbase. This transfer is a part of a larger action taken by the government involving the seizure of digital assets.
The specific transfer involved 3,940 BTC, which is valued at approximately $241 million. These funds were seized from Banmeet Singh, who was involved in a case related to illegal activities. The transfer to Coinbase signifies a move by the government to manage and potentially liquidate the seized assets through a reputable and secure platform.
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