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BNB destination battle: Coinbase Prime or another wallet

2026-10-07 18:20:31
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The amount of cryptocurrency transfer by the U.S. government is agreed, but there is disagreement on where BNB will go.

Coinfomania and crypto.news have reached an agreement on the scale of the U.S. government cryptocurrency transfer, but there is disagreement on the final home address of BNB (Binancoin).

Consensus section

A total of 833.6 bitcoins, worth approximately US$71.6 million, were transferred to addresses associated with the U.S. government. At the same time, 40,285 BNBs with a value of approximately US$31.6 million were transferred. The total amount of this transfer is approximately US$103 million. Currently, these government-linked addresses still hold approximately US$28 billion worth of crypto assets, including approximately 324,000 bitcoins, with a valuation of US$27.7 billion.

Reporting points of divergence

The core of the controversy is: Were the 40,285 BNBs sent to Coinbase Prime or to another address?

  • Coinfomania's point of view: Bitcoin worth US$71.56 million was sent to Coinbase Prime, and BNB was transferred through multiple addresses and finally reached an address ending in "0xBE7…81E".
  • Crypto.news Opinion: U.S. government-linked addresses sent 833 bitcoins to Coinbase Prime... At the same time, 40,285 BNBs worth approximately US$31.6 million were also sent.

To resolve this dispute, it is necessary to trace the transaction records on the chain, from the government-linked address of the source to the final destination, and clarify the actual flow direction of these 40,285 BNBs.

Comprehensive review

Bitcoin transfers to Coinbase Prime and data totaling $103 million should be regarded as a given fact. However, until the on-chain record showing the BNB's final address is verified, its final destination remains outstanding.

Updated information

October 7, 2026 08:35 UTC ·Added by CoinGape

CoinGape provides more specific transfer data: The total transfer amount is approximately US$103 million, including 833.6 bitcoins (approximately US$71.56 million) sent to Coinbase Prime, and 40,285 BNBs (approximately US$31.63 million) routed to an unmarked wallet through multiple transfers. This detail clarified the controversy over the final destination of BNB and confirmed that BNB was not directly deposited into Coinbase. In addition, the U.S. Treasury Department or the Justice Department have reportedly not issued a statement confirming the purpose of the transfer, which analysts characterize as a possible custody reorganization rather than a confirmed sale.

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