U.S. Ethereum portfolio up to $281M after latest Uranium hack Coinbase transfer

A U.S. government wallet linked to funds seized in the Uranium Finance hack received a second inflow of Ethereum, suggesting stolen cryptocurrency is still on the move. Lookonchain, a blockchain analytics firm, confirmed the transaction sent from Coinbase.

On Wednesday night, an on-chain wallet labeled the Uranium Finance Hacker Seized Funds received a transfer of 76.56 ETH, currently worth approximately 332,000 dollars. The transaction was made at 08:51:11 PM UTC by a Coinbase hot wallet.

The U.S. Government wallets received 76.56 $ETH($332K) from #Coinbase 4 hours ago and currently hold 65,232 $ETH($281M).https://t.co/C2ftU2amGk pic.twitter.com/qS133pNVG3

— Lookonchain (@lookonchain) August 21, 2025

The address under government control now has 1,358 ETH, or approximately $5.83 million. In addition to Ethereum, the address holds several other cryptocurrencies, and its overall balance is about $34.71 million. That consolidation indicates that authorities are accumulating funds seized in various expropriations in centralized government-controlled wallets.

Neither Coinbase nor any government organization has issued a statement on this transaction.

Uranium Finance hack and government recovery efforts

One of the largest thefts that occurred in DeFi was the Uranium Finance exploit in April 2021. Built as a fork of Uniswap on Binance Smart Chain, the project was compromised on its smart contract, with attackers stealing over $52 million in digital assets.

The hacker used advanced laundering mechanisms, such as sending money through Tornado Cash and aligning transactions into smaller ones across exchanges. Reports also suggested acquisitions of rare collectibles to mask stolen value. Despite such strategies, law enforcement tracked movements and coordinated across jurisdictions, leading to the seizure of assets.

In February 2025, the U.S. Attorney’s Office for the Southern District of New York and Homeland Security Investigations announced that it had recovered more than $31 million in assets connected to the hack. The growth indicated the increasing forensic capacity in tracing blockchain transactions.

Uranium Finance closed shortly after the exploit, with investors receiving no compensation. The recent repatriation of money has given some hope of future compensation, although no formal compensation system has been declared.

The accumulation of confiscated funds over time on government accounts seems to be part of a systematic unification process before repayment efforts occur. With the recent Ethereum move, investors affected are assured that it will remain an active case, but the portion of recovered funds will likely be distributed in due time.

Expanding government crypto portfolio

The U.S. government now has one of the world’s biggest crypto portfolios. Arkham Intelligence data estimates a total holding of about $23.4 billion. The largest part of this sum is made up of Bitcoin, which comprises around $22.5 billion, as Cryptopolitan recently reported. The rest is distributed between Ethereum, stablecoins, Binance Coin (BNB), and other tokens.

The recent ETH inflow contributes to an ever-increasing collection of confiscated digital assets that comprise the larger total government holdings. U.S. authorities have, over the years, confiscated cryptocurrencies during enforcement proceedings of hacks, fraud, and other online crimes.

CoinGecko data show that Ethereum has increased by over 2% in the past 24 hours to reverse the levels it reached earlier this week when it was trading at around $4,000. The token is currently up by 17% over the past month and is set to have one of its strongest third quarters on record.

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