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A U.S. government-owned wallet purchased $332,000 worth of Ethereum (ETH) from Coinbase just hours ago. On-chain data indicates that this transfer is linked to the 2021 Uranium Finance hack.
ETH Transfer Via Coinbase
Blockchain analytics platform On Chainlens reported that the government wallet acquired approximately 76.56 ETH (worth $332,000) from Coinbase. These ETH are considered part of the funds recovered from the 2021 Uranium Finance hack.
U.S. Crypto Reserve and Trump’s Executive Order
In March 2025, former President Donald Trump signed an executive order announcing the establishment of a national Bitcoin (BTC) reserve. The reserve was to include only confiscated assets, with no additional purchases planned.
Trump also indicated that other major cryptocurrencies such as Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA) would be part of this reserve. Coinbase reportedly facilitated the recent transfer, moving the funds into the official government wallet.
Uranium Finance Hack and Recovery Efforts
- April 2021: Uranium Finance protocol hacked, millions of dollars stolen.
- February 2025: U.S. authorities seized $31 million in assets linked to the attack.
- August 2025: The recent ETH transfer via Coinbase moved recovered funds into the official government wallet.
This demonstrates that even years after the hack, the U.S. government continues its cryptocurrency recovery efforts.
U.S. Government Crypto Wallet
Following the recent transfer:
- The wallet holds 1,358 ETH (approximately $5.83 million)
- Total balance including other digital tokens is around $34.71 million
- The wallet is tracked under the label “Uranium Finance Hacker Seized Funds” and contains Ethereum as well as various altcoins
The Coinbase-mediated ETH transfer highlights both the ongoing recovery of stolen funds and the continued relevance of Trump’s national crypto reserve strategy.
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