PANews April 11 news, according to Arkham data, the U.S. government address transferred a total of approximately 2.438 BTC to the Coinbase Prime address in two transactions about 8 hours ago, specifically 0.46 BTC and 1.979 BTC. The related funds belong to the Bitcoin previously seized by law enforcement from Glenn Olivio.
Additionally, as reported by The Block, it is not uncommon for the U.S. government to consolidate, custody, or transfer funds seized during investigations. Last month, government-related accounts transferred funds associated with Ross Ulbricht (the founder of the Silk Road darknet website, who has been pardoned) and Chen Zhi (a Cambodian citizen suspected of involvement in a pig-butchering scam scheme). Last month, the U.S. government transferred approximately $23,000 worth of Bitcoin from a wallet linked to ‘Miguel Villanueva’.
