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Topic: $25,000 in Bitcoin Seized from Alleged Software Scam Operator - page 2. (Read 2663 times)

full member
Activity: 224
Merit: 100
That is pretty insane. This is interesting though. If a wallet is secure and the owner claims to forget the password or private key, what happens? Would they be forced to give fiat to the value of BTC? Will the BTC be destroyed? They cannot sell a public address nor get the bitcoin out of them. I didn't read the article, just a general statement about this topic.

legally speaking, if you are sentenced to pay, it doesn't matter if you lost the priv key or whatever, you have to pay even using other methods (cash).
member
Activity: 112
Merit: 10
★Bitin.io★ - Instant Exchange
That is pretty insane. This is interesting though. If a wallet is secure and the owner claims to forget the password or private key, what happens? Would they be forced to give fiat to the value of BTC? Will the BTC be destroyed? They cannot sell a public address nor get the bitcoin out of them. I didn't read the article, just a general statement about this topic.
legendary
Activity: 1778
Merit: 1043
#Free market
Justice be served, its not because someone is using Bitcoin or any other crypto that makes them a saint being attacked by the evil state while committing crimes.

Yes of course, every scammer should pay.

"Approximately 105 BTC and 900 LTC were cited in a civil forfeiture that included more than $7m, hundreds of gold and silver bars and coins, and a number of luxury items including sports cars, wedding rings and a diamond-encrusted Rolex."

Not much Bitcoin seized compared to the value of other stuff seized...

I know it is not much, but it is always a scam and they should pay.
full member
Activity: 190
Merit: 100
"Approximately 105 BTC and 900 LTC were cited in a civil forfeiture that included more than $7m, hundreds of gold and silver bars and coins, and a number of luxury items including sports cars, wedding rings and a diamond-encrusted Rolex."

Not much Bitcoin seized compared to the value of other stuff seized...
full member
Activity: 182
Merit: 100
Great , now this will be followed by another auction probably, which might mean more dumps happening.
EDIT: My bad, just realized its 25K USD and not btc.
legendary
Activity: 1778
Merit: 1043
#Free market
"A cache of bitcoins and litecoins has been seized by federal law enforcement officials as part of an investigation into alleged counterfeit software sales and distribution.

Approximately 105 BTC and 900 LTC were cited in a civil forfeiture that included more than $7m, hundreds of gold and silver bars and coins, and a number of luxury items including sports cars, wedding rings and a diamond-encrusted Rolex.
"

I've discovered this news yesterday at  :  http://www.coindesk.com/25000-bitcoin-seized-alleged-software-scam/

What do you think guys ?
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