PANews reported on October 31 that according to The Block, the US government has sold tokens confiscated from SBF's defunct hedge fund Alameda Research. This is the first time the wallet has transferred funds in nearly two years. The wallet holds approximately $974,000 worth of cryptocurrency. Arkham chain data shows that government officials used AragonDAO's ANT token redemption address to sell more than 82,000 ANT tokens confiscated from the company. In November 2023, the Swiss nonprofit Aragon Association decided to dissolve and sell 86,343 ETH (worth $155 million at the time) in exchange for ANT tokens. Users are required to redeem their ANT tokens by November 2, 2024. After redemption, all ANT tokens will be destroyed.
The action began with the address 0xb0692 providing funds to the U.S. government wallet, which is used to isolate funds transferred from Alameda. So far, the U.S. government has received 209.199 ETH worth $556,000 from AragonDAO. Prior to this transaction, the U.S. government address received 0.003 ETH ($7.03) from Coinbase, which may have been used to pay gas fees.
