Coin Edition
2025-08-21 09:29:48

Coinbase Serves as Conduit for US Govt’s $300k Seizure of Hacked ETH

The US government has seized another $300k in crypto from the Uranium Finance hacker. A process has been established for victims of the hack to file claims for a refund. Unclaimed seized funds are a primary “budget-neutral” source for the US strategic Bitcoin reserve. The United States government’s crypto wallet just received another $300,000 worth of assets seized from the Uranium Finance hacker. On-chain data from Thursday, August 21, shows the government withdrew 76.56 Ethereum (ETH) from a Coinbase wallet linked to the case. This latest transaction brings the total value of assets seized from the Uranium Finance hacker to $34.9 million. The majority of these funds are in Wrapped BNB (WBNB), valued at about $19.27 million, with an additional $15 million in ETH and other stablecoins. How the U.S. Government Seized Funds From Uranium Finance Hacker The seizure is a prime example of how law enforcement actions have become a primary source for the government’s growing crypto treasury. In February 2025, the U.S. Attorney’s Office for the Southern District of New York (SDNY) and Homeland Security Investigations (HSI) in collaboration with TRM Labs sei… The post Coinbase Serves as Conduit for US Govt’s $300k Seizure of Hacked ETH appeared first on Coin Edition .

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.