US Government Moves $177,000 in Seized Bitcoin to Coinbase Prime

• The US government transfers 2.44 BTC worth $177,000 from Glenn Olivio seized funds to Coinbase.
• Funds linked to steroid distribution case involving Olivio and co-conspirator Dana Light.
• Treasury Secretary Bessent previously confirmed all seized Bitcoin sales have been halted.

The US government moved 2.44 Bitcoin worth approximately $177,000 to a Coinbase Prime address this week, with on-chain data linking the funds to wallets labelled as seized assets from a case involving alleged steroid distribution.

The transfer came in two separate transactions from addresses identified by Arkham Intelligence as US Government: Glenn Olivio Seized Funds, pointing to Glenn Bradford Olivio, who was arrested alongside co-conspirator Dana Rene Light in May 2025. 

JUST IN: The U.S.Government (Glenn Olivio Seized Funds) just deposited 2.44 $BTC($177K) to Coinbase Prime.https://t.c…

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