BNB Destination Disputed: Coinbase Prime or Another Wallet

Coinfomania and crypto.news agree on the size of a U.S. government crypto transfer but disagree on where the BNB portion ended up.

Coinfomania and crypto.news agree on the size of a U.S. government crypto transfer but disagree on where the BNB portion ended up.

What all sources agree on

• U.S. government-linked wallets transferred 833.6 BTC worth about $71.6 million.
• 40,285 BNB valued at approximately $31.6 million was also transferred.
• The combined transfer totaled approximately $103 million.
• Government-linked wallets still hold around $28 billion in crypto assets, including roughly 324,000 BTC valued at $27.7 billion.
• The Bitcoin portion of the transfer was sent to Coinbase Prime.

Where the reports disagree

1Whether the 40,285 BNB was sent to Coinbase Prime or to a different address

U.S. government-linked wallets moved 833 BTC to Coinbase Prime… 40,285 BNB worth around $31.6 million was also sent.

Coinfomania 2026-10-07 04:55

The $71.56 million in Bitcoin was sent to Coinbase Prime, while the BNB moved through several addresses before reaching 0xBE7…81E.

crypto.news 2026-10-07 06:21

What would settle it: On-chain transaction records tracing the 40,285 BNB from the originating government-linked address to its final destination.

What to make of it

Treat the BTC transfer to Coinbase Prime and the overall $103 million figure as established, but the final destination of the BNB is unresolved until on-chain records showing the BNB's final address are checked.

Treat the BTC transfer to Coinbase Prime and the overall $103 million figure as established, but the final destination of the BNB is unresolved until on-chain records showing the BNB's final address are checked.

Update 07 Oct 2026, 08:35 UTC · added by CoinGape

CoinGape adds specific figures to the transfer: roughly $103M total, including 833.6 BTC (about $71.56M) sent to Coinbase Prime and 40,285 BNB (about $31.63M) routed through multiple hops to an unlabeled wallet, resolving the destination dispute in favor of neither being a direct Coinbase deposit for the BNB. It also reports that no Treasury or DOJ statement has confirmed the transfer’s purpose, with analysts characterizing it as a likely custody reshuffle rather than a confirmed sale.

Originally reported by AltcoinGordon, written by Grace Mitchell. Republished with permission.

View the original on AltcoinGordon →

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