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US gov’t sends 3,940 Bitcoin to Coinbase exchange Data from Arkham Intelligence indicates the Bitcoin was seized from Banmeet Singh, a convicted drug dealer, during his January 2024 trial. The United States government sent 3,940 Bitcoin to a Coinbase Prime wallet on June 26, onchain data from Arkham Intelligence revealed. According to Arkham Intelligence, the transaction took place at 5:00 pm UTC and involved Bitcoin BTC seized from convicted drug trafficker Banmeet Singh earlier in 2024.
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