The U.S. Government moved $10.3M worth of BTC and ETH from its "Sae-Heng Confiscated Funds" wallets to 2 new wallets in the past 40 minutes, including:

• 97.34 BTC ($8.52M) from bc1qeqkuvnmk4cnaptss0xk6lf00jp67cf6mum8qwv to bc1qs0qhmlzh2wvs0n70vn7s6jj37zvek2e7t73kfg;
• 884.3 ETH ($1.78M) from 0x17f11cc88ed7bf3b1902f4500393030e6bc9f6d9 to 0xbf7fb784c741482cf4801016e967c6e68f10c74b.

• These wallets (likely) belong to the entity US Government.

The Sae-Heng wallets refer to funds seized in connection with an alleged 'pig butchering' scam targeting U.S. victims. These funds were taken from a Binance account owned by Wanpadet Sae-Heng. The U.S. government confiscated the BTC two years ago after Binance directly transferred it to the storage wallet.

Currently, the U.S. Government still holds 198.4K BTC ($17.3B) and 58K ETH ($116M) across the known 54 addresses.

Fig 1. The U.S. Government moved $10.3M worth of BTC and ETH from its "Sae-Heng Confiscated Funds" wallets to 2 new wallets.