A U.S. government-tagged address linked to Glenn Olivio’s seized funds deposited 2.438177 BTC, valued at approximately $177,400, into Coinbase Prime in two separate transactions. The BTC transfer underscores ongoing government efforts to regulate cryptocurrency. This action occurs amid heightened scrutiny of digital assets held by public entities.

Odaily Planet Daily reports, according to Lookonchain monitoring, the U.S. government marked address (funds seized from Glenn Olivio) transferred 0.459637 BTC and 1.978540 BTC in two separate transactions to a Coinbase Prime Deposit address, totaling approximately 2.438177 BTC, equivalent to about $177,400.