{"id":31700,"date":"2024-10-31T14:00:29","date_gmt":"2024-10-31T11:00:29","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=31700"},"modified":"2024-10-31T11:47:45","modified_gmt":"2024-10-31T08:47:45","slug":"us-government-swaps-aragons-ant-tokens-for-eth","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/us-government-swaps-aragons-ant-tokens-for-eth\/","title":{"rendered":"US Government Swaps Aragon\u2019s ANT Tokens for ETH"},"content":{"rendered":"

According to Arkham Research, the US government<\/strong> has sold Aragon\u2019s ANT<\/strong> tokens seized from Alameda Research for ETH. The transaction was the first movement of funds from the wallet, which has been dormant for nearly two years. The government wallet holds approximately $974,000 worth of crypto assets.<\/p>\n

On-chain data shows that authorities sold more than 82,000 ANT tokens seized from Alameda using AragonDAO\u2019s ANT token swap address. ANT is known as Aragon\u2019s governance token.<\/p>\n

In November 2023, the Switzerland-based Aragon Foundation decided to dissolve itself and exchange 86,343 ETH (around $155 million at the time) for ANT tokens. Users were given until November 2, 2024 to swap their ANT tokens. Following the swap, all ANT tokens will be burned. The foundation stated that these tokens \u201cno longer serve any purpose.\u201d<\/p>\n

Might interest you: What is BabyDoge?<\/a><\/em><\/p>\n

The move began with an address starting with 0xb0692 funding a US government wallet, which is used as a storage address for the funds seized from Alameda. So far, the US government has obtained 209,199 ETH (worth $556,000) from AragonDAO.<\/p>\n

Prior to these transactions, 0.003 ETH worth $7.03 was sent to the US government address via Coinbase; this amount was likely used to cover transaction fees.<\/p>\n

\n

You can join our Telegram<\/a> <\/strong>channel to not miss the news and stay informed about the crypto world.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

According to Arkham Research, the US government has sold Aragon\u2019s ANT tokens seized from Alameda Research for ETH. The transaction was the first movement of funds from the wallet, which has been dormant for nearly two years. The government wallet holds approximately $974,000 worth of crypto assets. On-chain data shows that authorities sold more than<\/p>\n","protected":false},"author":6,"featured_media":31139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[2337,9206,1219,4632],"class_list":["post-31700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-ant","tag-ant-token","tag-us","tag-us-government"],"yoast_head":"\nUS Government Swaps Aragon\u2019s ANT Tokens for ETH - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/us-government-swaps-aragons-ant-tokens-for-eth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Government Swaps Aragon\u2019s ANT Tokens for ETH - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"According to Arkham Research, the US government has sold Aragon\u2019s ANT tokens seized from Alameda Research for ETH. 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