Is the U.S. Government Selling Seized Bitcoin? The Shocking Truth
People talk in the markets and in the alleys of the crypto saloons: the U.S. government is actively selling its seized Bitcoin holdings. Arkham Intelligence, that sharp-eyed fellow with a clipboard, flagged two transfers in April 2026 to Coinbase Prime-about $177,000 worth on April 10 and about $606,000 on April 17-drawn from wallets tied to criminal forfeitures. One set of coins he traced to Glenn Bradford Olivio, indicted in 2025 for conspiracy to distribute anabolic steroids and money laundering; the other to the memory of a long-faulted Bitfinex hack from 2016, when Ilya Lichtenstein and Heather Morgan took a big bite of the mountain and forgot to chew properly.






