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According to Arkham Research, the US government has sold Aragon’s 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 82,000 ANT tokens seized from Alameda using AragonDAO’s ANT token swap address. ANT is known as Aragon’s governance token.
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 “no longer serve any purpose.”
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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.
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.
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