Topic: FBI Seizes DPR's personal coins! 144,000 coins! - page 3. (Read 9320 times)

He might have struck a deal. Gave them access to the wallet in exchange for dropping the murder charges. In recent Forbes article there's no mention of him facing murder chargers anymore.

Is there any evidence that he is behind the prank?

Note: in my case there never was any, and the chief investigator admitted it in the beginning, yet they confiscated all my property for 7.5 months..

This is the latest AFAIK: http://www.justice.gov/opa/pr/2013/June/13-crm-721.html

So as a quick read, they suspected him of an unrelated crime and investigation created lots of grief to him and the family. Just enough hints that the real issue is that he is having too many bitcoins and/or being too vocal about them. Poor guy, but good to see that he is still active in the forum.

The same trick was played on me on 2008 (due to silver, which prior to bitcoin was the lynchpin of the monetary economy) and it actually worsened my mental condition a lot. The good side is that I made my fortune as a result because I got a LOT more credibility for my claim that the govt hates silver, and as a result you should buy some from me

http://www.reddit.com/r/Bitcoin/comments/12yfnk/cats_lead_feds_to_knightmb_worth_371kbtc_in/

What's the story? PM OK.

I could use some of those coins....

I think what you mean to say is most users intend to operate within the law.  The reality is that it is all dependent on interpretation.  For example the following can be seen as violations of various AML and KYC and other laws that most major countries subscribe to
http://blockchain.info/largest-recent-transactions

Knightmb operated totally within the law.  He was still raided by the Secret Service*, solely for the crime of owning a lot of Bitcoins and being publicly identifiable.

*FYI the Secret Service is a division of the US Treasury.

That leads to a reevaluation of Bitcoin security methods following a Search Warrant Scenario.

Most Bitcoin users operate totally within the law.  So any thoughts on this subject would be purely academic.  

Most conceivable Search Warrant Scenarios (for a wide range of offenses) would result in seizure of computers, digital storage media, and written documents from the specified residence.  In major cases, where it is suspected that the storage media is thoroughly encrypted when not in use, law enforcement personnel have demonstrated techniques of seizing computers "hot" after the encryption is unlocked and the device is in use by the user.

Which would then suggest counter techniques of storing encrypted information off-site and/or storing multiple private keys off-site, in either digital form or durable object "written" form.

Recent events illustrate the potential benefits of multiple accounts, rather than one large one.  Almost all arrested individuals are eligible for bail, and even those who are not are allowed visitors and communication with attorneys and relatives.  It does not require too much imagination to see how access could be given to one or more Bitcoin addresses for bail, attorney fees, prison barter goods, etc. without an unacceptable risk of losing the entire bankroll.  But if the funds are in one very large account, a very high degree of trust would be necessary before disclosing a private key.

Imagine how a person could obtain benefits from some or all of his Bitcoins after all his computer equipment and documents are seized and not returned.  It may be easier to imagine if you assume that the individual lives under a repressive regime.  You know.  One of those evil ones.

I always thought DPR was an arrogant douche, he always talk like he's so smart and he can never be caught. He reveals so much information about himself, and thought nobody could connect the dots. Success breeds complacency and hubris, it always happens.

More than likely it was one of the above.

They're plenty well funded. $25M is less than a third of a percent of their annual budget.

Sell them in one go won't do them any good, everyone puts their wallets on watch and will be alerted when they come, besides, other than the prosecuted Mt.Gox, no exchange in the world has such fiat reserve to pay them.

I suspect they will just leave the stash there, and dip into it whenever they are short of money.

It shouldn't really matter how long the FBI was involved even if it was from day 1.

SR is an illegal operation so they went after them. Whether drugs should be illegal or not is a different matter.

It seems you believe one persuasion over the other. IMHO, you should be equally critical of both sides

This is copypasta from the other thread:

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I don't know if this is sufficient evidence but it's all I could do with Google. Here's the FBI website:

http://www.fbi.gov/newyork/

http://www.fbi.gov/newyork/press-releases/2013/manhattan-u.s.-attorney-announces-seizure-of-additional-28-million-worth-of-bitcoins-belonging-to-ross-william-ulbricht-alleged-owner-and-operator-of-silk-road-website


I know the two links are to the same source but the rest of the news articles and Wikipedia pages pointed to the same places so I figured it was a good start.

I can't confirm the story wasn't planted or that the website hasn't been hacked though so you'll have to take my word for it that I'm not involved.

For this to be true, wouldn't Forbes need to have not verified their sources/information (granted this does happen)?

If that's happened how did the court documents get onto the court servers?

That was just his "FBI appeasement" wallet that he purposefully stored in his home and secured with a weak password.

The other 450,000 coins are still safe in his brain wallet.  But now they are plausibly deniable. 

It is saddening to see that people's lives can be destroyed over something as trivial as money. I mean, in the static world of the past, money was something you needed to work for, and still getting wealthy took a long time and not everyone made it.

Hopefully everyone concerned will take heed to the most important thing: buy bitcoins yourself and after 2 years no need to work evermore. No more drug lords, no more FBI agents.