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The U.S. government transferred 2.44 bitcoins worth approximately $177,000 to a Coinbase Prime address this week, with blockchain data linking the funds to wallets marked as seized assets related to a case involving alleged steroid distribution.
The transfer was carried out in two separate transactions from addresses identified by Arkham Intelligence as U.S. government: Glenn Olivio withdrew the funds, indicating Glenn Bradford Olivio, who was arrested along with accomplice Dana Rene Light in May 2025.