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Just saw on-chain data: the address tied to the U.S. government’s “Glenn Olivio seized funds” has been active. A few hours ago, it transferred 3.233 ETH to a major exchange, Prime—worth roughly $7,600+ at current prices.
On-chain transfers of government funds have always been worth paying attention to. They usually reflect the U.S. government’s progress in handling crypto assets. Now that the previously seized funds have started moving, it could mean there are new developments in certain cases.
The U.S. government’s actions are becoming more frequent, and it also seems they are gradually standardizing their crypto asset management process. It’s worth continuing to watch how these addresses move next.