US gov't moves $19.6M in seized Gotbit funds to Coinbase Prime

The U.S. government has transferred 19.615 million USDT, the entire balance of a wallet holding assets seized from crypto market maker Gotbit, to Coinbase Prime, Onchain Lens reported. U.S. prosecutors previously stated that from 2018 to 2024, Gotbit artificially inflated the trading volumes of several crypto companies to get certain tokens listed on major crypto exchanges.