US Moves $12.9M in Seized ETH, USDT, USDC to Coinbase Prime
Bitfinex-hack and FTX/Alameda seizure wallets sent ETH, USDT and USDC to Coinbase Prime and other addresses in a routine but sizeable on-chain shuffle.
Arbitrum Bridged WBTC is a wrapped version of WBTC designed to operate on the Arbitrum One network, an Ethereum layer-2 scaling solution. The token represents Bitcoin bridged into the Arbitrum ecosystem, allowing holders to use BTC-denominated value within Arbitrum's faster and lower-cost environment while still being tied to Bitcoin's underlying principles. As a bridged asset, it relies on a cross-chain mechanism to maintain parity with the original WBTC on Ethereum, which is itself a 1:1 tokenized representation of Bitcoin backed by actual BTC reserves. The custody framework for the underlying asset emphasizes controlled minting and burning procedures, round-the-clock monitoring, tightly managed access controls, multi-party key management, and ongoing audits to uphold security and compliance standards. Categorized under the Arbitrum Ecosystem and Bridged-Tokens, this version of WBTC functions primarily as a liquidity and settlement asset for decentralized finance protocols operating on Arbitrum, where traders, lenders, and applications can interact with a Bitcoin-pegged token without leaving the network's high-throughput environment.
Bitfinex-hack and FTX/Alameda seizure wallets sent ETH, USDT and USDC to Coinbase Prime and other addresses in a routine but sizeable on-chain shuffle.
Six straight days of withdrawals now tally $84.3M in ETH and 250 WBTC, a coordinated trim of exchange-side supply that landed before ETH's push through $1,700.
A single address has now pulled 34,577 ETH and 250 WBTC off Binance in ten days, a quietly consistent bid that suggests accumulation rather than rotation.
The Maltese Seas founder keeps adding at the same pace he has all month: 86,998 ETH and 973 WBTC pulled from Binance in 30 days at well-below-current prices, a steady accumulation pattern rather than…
A mining-industry whale rotating freshly withdrawn coins into Spark's lending market signals more than just accumulation — it's miners treating balance-sheet ETH as a working asset, not idle…
The shift reframes wBTC from a DeFi utility into a piece of regulated collateral infrastructure — and pulls the network deeper into a quiet rivalry with Coinbase's own stack.
The swing captured roughly $33M of paper alpha on $188M of pre-crash supply — a textbook top-tick distribution from a long-dormant wallet that the market read as a signal in real time.
Two on-chain wallets timed a round-trip that returned roughly $45M of ETH and 11 WBTC to the stack — and the rest of the market is now reverse-engineering the playbook.
1.7K $WBTC (≈126.7M) moved from #HTX to unknown wallet.
A compromised admin key let the attacker mint 1,000 unauthorised eBTC and launder proceeds through Tornado Cash — the latest in a string of mega-exploits now totaling hundreds of millions across DeFi.
The attacker minted 1,000 eBTC out of thin air on Monad, drained $867K in WBTC from Curvance, and routed the proceeds through Tornado Cash — with $73.2M in unlaundered eBTC still sitting in the…
Silent Payments advances on Bitcoin's base layer without adding trust, but shielded balances and auditable disclosure live elsewhere — strkBTC ships that gap, wrapped in a federation, bridge, and…
WBTC is the first and largest 1:1 tokenized Bitcoin used across multiple chains, providing a consistent way to use BTC in environments that prioritize speed, efficiency, and scale while staying aligned with Bitcoin’s original principles.
Arbitrum Bridged WBTC (Arbitrum One) (WBTC) is categorised as: Arbitrum Ecosystem, Bridged WBTC, Bridged-Tokens.
The official Arbitrum Bridged WBTC (Arbitrum One) site is https://arbitrum.io/.
Most recent Arbitrum Bridged WBTC (Arbitrum One) coverage: "US Moves $12.9M in Seized ETH, USDT, USDC to Coinbase Prime" — read at /en-US/a/us-moves-129m-in-seized-eth-usdt-usdc-to-coinbase-prime.