TIL that the FBI seized 144,000 bitcoins from Ross Ulbricht (silk road guy) in 2013 following his arrest and conviction. They were valued at close to $28.5million at the time of seizure. They’re now worth $1.9billion.

submitted by /u/HumbleHumanz
[link] [comments]
Bitcoin – The Currency of the Internet

BTC-e Domain Seizure by U.S. Law Enforcement Sparks Jurisdiction Questions (news.bitcoin.com)

On July 28, 2017, the bitcoin-exchange BTC-e domain was seized by six U.S. law enforcement agencies including the Secret Service. Many international bitcoin proponents are questioning why the U.S. is claiming jurisdiction over an exchange registered in another country.
Also Read: BTC-e Operator Indicted and Connected With Missing Mt Gox


FBI Not Bidding On Hacked NSA Code With Bitcoin From Silk Road Seizure. “I made the same mistake at first, too,” said Wesley McGrew, director of cyber operations at HORNE Cyber. "If you aren’t looking too closely, or don’t know enough about bitcoin, it’s


US Federal Appeals Court: Seizure of Debit Card Funds is Constitutional

A federal court has upheld the right of police to seize and retain funds on debit and credit cards, be they prepaid or otherwise. Adding to the ongoing national conversation about civil asset forfeiture, the case of Eric-Arnaud Benjamin Briere De L’Isle, who was pulled over for a driving infraction and then searched for drugs […]

The post US Federal Appeals Court: Seizure of Debit Card Funds is Constitutional appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

News – CCN: Financial Bitcoin & Cryptocurrency News