US government transfers seized Bitcoin linked to steroid probe

cryptonews04-11 21:10

The US government moved a small amount of bitcoin on April 10 from wallets that Arkham Intelligence linked to a criminal case. The transfer involved 2.438 BTC, worth about $177,000, sent to a Coinbase...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2626126068?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-11 21:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2626126068","market":"sg","top_or_hot":-1,"title":"US government transfers seized Bitcoin linked to steroid probe","media":"cryptonews","content":"<div>\n<p>The US government moved a small amount of bitcoin on April 10 from wallets that Arkham Intelligence linked to a criminal case. The transfer involved 2.438 BTC, worth about $177,000, sent to a Coinbase...</p>\n\n<a href=\"https://crypto.news/us-government-transfers-seized-bitcoin-linked-to-steroid-probe/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US government transfers seized Bitcoin linked to steroid probe</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS government transfers seized Bitcoin linked to steroid probe\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-04-11 21:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/us-government-transfers-seized-bitcoin-linked-to-steroid-probe/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The US government moved a small amount of bitcoin on April 10 from wallets that Arkham Intelligence linked to a criminal case. The transfer involved 2.438 BTC, worth about $177,000, sent to a Coinbase...</p>\n\n<a href=\"https://crypto.news/us-government-transfers-seized-bitcoin-linked-to-steroid-probe/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MNRS","symbol_name":"GRAYSCALE BITCOIN MINERS ETF","start_time":0,"source_url":"https://crypto.news/us-government-transfers-seized-bitcoin-linked-to-steroid-probe/","article_id":"2626126068","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/us-government-transfers-seized-bitcoin-linked-to-steroid-probe/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2626126068","pubTimestamp":1775913000,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"The US government moved a small amount of bitcoin on April 10 from wallets that Arkham Intelligence linked to a criminal case. The transfer involved 2.438 BTC, worth about $177,000, sent to a Coinbase Prime address.US government moved 2.438 BTC from seized wallets tied to an alleged steroid conspiracy case.Arkham linked the funds to Glenn Olivio, who faced charges filed in 2025.The transfer renewed focus on how seized bitcoin moves under the federal reserve policy.Arkham data showed two separate transactions from wallets labeled “U.S. Government: Glenn Olivio Seized Funds.” Both transfers went to the same Coinbase address, beginning with 3EMqu.Government-linked bitcoin transfers are not unusual. Federal agencies often move seized assets for custody, consolidation, or other handling during legal and administrative processes.The latest move still drew attention because the funds may be tied to a 2025 federal case. The transfer also comes after the Trump administration said it had stopped","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"MNRS":"GRAYSCALE BITCOIN MINERS ETF","BITW":"Bitwise 10 Crypto Index ETF","09008":"博时比特币-U","BETH":"比特币&以太币期货ETF-ProShares","FBTC":"比特币ETF-Fidelity","BITX":"2倍比特币期货ETF-Volatility Shares","YBTC":"比特币看涨期权ETF-Roundhill","STCE":"Schwab Crypto Thematic ETF","BTF":"比特币&以太币期货ETF-CoinShares","HODL":"比特币ETF-VanEck","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","MAXI":"比特币期货ETF-Simplify","BTC":"Grayscale Bitcoin Mini Trust","IBIT":"比特币ETF-iShares","BITB":"比特币ETF-Bitwise","SBIT":"2倍做空比特币期货ETF-Proshares","NGHT":"Nicholas Bitcoin and Treasuries AfterDark ETF","BK4585":"ETF&股票定投概念","BTFX":"比特币期货ETF-CoinShares","BRRR":"比特币ETF-CoinShares","BITC":"Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF","BTCI":"NEOS Bitcoin High Income ETF","BTGD":"STKD Bitcoin & Gold ETF","BITI":"1倍做空比特币期货ETF-Proshares","DAPP":"VanEck Digital Transformation ETF","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","MSBT":"Morgan Stanley Bitcoin Trust ETP","BTCL":"T-REX 2X LONG BITCOIN DAILY TARGET ETF","CBTJ":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - January","09042":"华夏比特币-U","BTCO":"比特币ETF-Invesco Galaxy","09439":"嘉实比特币-U","BITU":"2倍做多比特币期货ETF-Proshares","GBTC":"比特币ETF-Grayscale","BITO":"比特币期货ETF-ProShares","BITQ":"Bitwise Crypto Industry Innovators ETF","WGMI":"比特币矿商ETF-CoinShares","GDLC":"Grayscale CoinDesk Crypto 5 ETF","BK4588":"碎股","ARKB":"比特币ETF-21Shares","YBIT":"YieldMax Bitcoin Option Income ETF","BK4594":"比特币ETF概念","BK4601":"加密货币现货ETF","BTCZ":"T-Rex 2X Inverse Bitcoin Daily Target ETF","BETE":"等权重比特币&以太币期货ETF-ProShares","BKCH":"AdvisorShares Sabretooth ETF"},"translate_title":"美国政府扣押与类固醇调查有关的比特币","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTC":0.6,"BTGD":0.9,"WGMI":0.9,"IBIT":1.5,"STCE":0.9,"MAXI":0.9,"BITB":0.9,"GBTC":0.9,"BTFX":0.9,"SBIT":0.9,"YBIT":0.9,"BKCH":0.9,"LFGY":0.9,"BTCZ":0.9,"BTF":0.9,"MSBT":0.9,"BETE":0.9,"MNRS":0.9,"BTCL":0.9,"09042":1.5,"BTCI":0.9,"BITO":0.6,"BTCO":0.9,"BITI":0.9,"ARKB":0.9,"09439":1.5,"CBTJ":0.9,"NGHT":0.9,"BITW":0.9,"BRRR":0.9,"09008":1.5,"BETH":0.9,"BITX":0.9,"GDLC":0.9,"HODL":0.9,"MBTmain":0.9,"BITU":0.9,"BITC":0.9,"FBTC":0.9,"YBTC":0.9,"BITQ":0.9,"BEGS":0.9,"DAPP":0.9},"content_text":"The US government moved a small amount of bitcoin on April 10 from wallets that Arkham Intelligence linked to a criminal case. The transfer involved 2.438 BTC, worth about $177,000, sent to a Coinbase Prime address.\n\n\nSummary\n\n\n\nUS government moved 2.438 BTC from seized wallets tied to an alleged steroid conspiracy case.\nArkham linked the funds to Glenn Olivio, who faced charges filed in 2025.\nThe transfer renewed focus on how seized bitcoin moves under the federal reserve policy.\n\n\n\nArkham data showed two separate transactions from wallets labeled “U.S. Government: Glenn Olivio Seized Funds.” Both transfers went to the same Coinbase address, beginning with 3EMqu.\nGovernment-linked bitcoin transfers are not unusual. Federal agencies often move seized assets for custody, consolidation, or other handling during legal and administrative processes.\nThe latest move still drew attention because the funds may be tied to a 2025 federal case. The transfer also comes after the Trump administration said it had stopped selling seized bitcoin.\nThat policy became clearer after President Donald Trump signed an executive order creating a strategic bitcoin reserve. Treasury Secretary Scott Bessent later said the government would keep bitcoin obtained through criminal forfeitures.\nCase tied to alleged steroid distribution\nThe Block reported that the seized bitcoin appears linked to Glenn Bradford Olivio. Court records show Olivio was arrested in May 2025 with Dana Rene Light.\nProsecutors charged the pair with five counts, including conspiracy to possess with intent to distribute controlled substances, money laundering conspiracy, aggravated identity theft, and drug possession counts.\nThe indictment said the case involved “a mixture or substance containing a detectable amount of anabolic steroids.” The listed substances included synthetic testosterone, Trenbolone, Nandrolone, Mestanolone, Oxandrolone, Stanozolol, and Methandienone.\nCourt filings also included a notice of forfeiture. That step is common when the government seeks to seize property, including cryptocurrency, that it says came from alleged criminal activity.\nReserve policy remains in focus\nThe transfer comes as federal bitcoin holdings remain under close watch. The US government currently holds about 328,000 BTC, valued at more than $22 billion at current market prices.\nIn recent weeks, government-linked wallets also moved funds tied to other cases, including assets associated with Ross Ulbricht, Chen Zhi, and Miguel Villanueva.\nThose earlier transfers raised questions about whether the government was still sending bitcoin to custodial platforms despite the reserve policy. The latest Olivio-linked transfer is likely to draw similar attention.\nPACER shows the steroid case last updated in June 2025. Public records reviewed by The Block did not confirm whether this case is related to an older 2015 marijuana arrest involving a man with the same name.\n\n\n\n\n\n                Read more:\n            \n\n                XRP community prepares for busy week with Paris event and XRPL audit","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.40.0","shortVersion":"4.40.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2626126068","isCrawlerRequest":true}