2013-12-23 NYPost - Feds stole my $33 million bitcoin booty - SilkRoad's DPR - page 2.

hilariousandco

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Quote from: cr1776 on December 24, 2013, 11:35:49 AM

I agree, the odds of a Federal Judge giving him the bitcoins back is very, very, low. I think he is fighting for himself and crypto-currencies too. Questions are:

1. Will they force him to disclose any private keys he hasn't disclosed?
2. How will the classify bitcoin?
3. What will become of it? Auction? Ignored?

...

1) How will they force him? They might try give him a longer sentence perhaps, but I don't think they're gonna torture them out of him.
2) I think they classify them as assets or just seized funds.
3) The feds have said they're gonna liquidate them. How, I do not know, but I hope they don't dump them all at market at once.

cr1776

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I agree, the odds of a Federal Judge giving him the bitcoins back is very, very, low. I think he is fighting for himself and crypto-currencies too. Questions are:

1. Will they force him to disclose any private keys he hasn't disclosed?
2. How will the classify bitcoin?
3. What will become of it? Auction? Ignored?

...

LiteCoinGuy

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of course he will get his money back.....NOT Tongue

hilariousandco

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Quote from: Bitco on December 23, 2013, 04:48:25 PM

This is rather unusual. When the feds seize alleged drug money, claiming that it's yours usually isn't a good strategy.

Ha, that's what I thought.

kjlimo

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Well at least we'll get more judges talking about bitcoins...

Bitco

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This is rather unusual. When the feds seize alleged drug money, claiming that it's yours usually isn't a good strategy.

Anyone have a copy of the actual filing?

TraderTimm

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Indirectly he's delaying his own verdict by doing this, I suppose. Unless they just throw it out and get on with the main issue at hand. Like everyone else, I want to know how they go about auctioning them off -- if they even do it, that is. There may be growing incentive to hold on to them for other reasons...

cr1776

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From the New York Post:
http://nypost.com/2013/12/23/government-robbed-me-of-33m-in-bitcoins-silk-road-pirate/

Quote

The Internet “pirate” accused of running the notorious illegal-drug-peddling Web site Silk Road claims that the feds are the real buccaneers — robbing him to the tune of $33.6 million worth of the encrypted, virtual currency bitcoin.

Ross Ulbricht — who was arrested in October for allegedly masterminding the mysterious “deep Web” site — recently filed legal papers in Manhattan federal court admitting he “has an interest as owner” of the more than 173,000 bitcoins the government seized through forfeiture from Silk Road.

...

Topic: 2013-12-23 NYPost - Feds stole my $33 million bitcoin booty - SilkRoad's DPR - page 2. (Read 2317 times)