FBI Seizes DPR's personal coins! 144,000 coins! - page 5.

Bitweasil

sr. member

Activity: 420

Merit: 250

Quote from: LouReed on October 25, 2013, 06:05:22 PM

That's the million dollar question! As sloppy as he was, I highly doubt he stored it without good encryption!

His opsec was miserable. They may very well have been sitting in an unencrypted wallet on his laptop/backup drive. Or secured with a password of "DPR" or something.

DPR showed no signs of competence, to the point that if there weren't very compelling evidence that he is, in fact, DPR, I'd think he was someone set up to take the fall.

LouReed

hero member

Activity: 732

Merit: 500

Nosce te Ipsum

Quote from: pedrog on October 25, 2013, 06:52:59 PM

He had to give the coins, maybe a deal was made...

Way too early in the game for a deal! I don't even think he had his bail hearing in NY yet, did he?

jwzguy

hero member

Activity: 868

Merit: 1002

Quote from: ?? on ??

I am going to go out on a limb here and say that they will not use mtgox to liquidate these coins. Wink

Would be hilarious if they did and Mtgox froze them indefinitely. "Sorry, we need to see your power bill."

pedrog

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He had to give the coins, maybe a deal was made...

Littleshop

legendary

Activity: 1386

Merit: 1004

Quote from: ?? on ??

I am going to go out on a limb here and say that they will not use mtgox to liquidate these coins. Wink

Yea, I said that one before too.

I think this is bullish as those coins will be tied up for a while.

benjamindees

legendary

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Merit: 1000

Not the least bit surprising.

runam0k

legendary

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Merit: 1001

Touchdown

Love the 324btc transfers. Props. Grin

tvbcof

legendary

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Merit: 1276

Quote from: ?? on ??

I am going to go out on a limb here and say that they will not use mtgox to liquidate these coins. Wink

Not so sure. I'd say that there is some chance that they are effectively in complete control of the operational aspects of Mt. Gox, and it is very possible that they have every record that the organization had not deleted. The main thing arguing against this hypothesis is that whoever is running it is doing their utmost to created a smoking crater where the mountain once stood.

The USG has a fairly compelling need to have an outlet for their new-found revenue stream (confiscated BTC of which where will likely be many to follow), and continuing operation of Mt. Gox would make sense just like when they confiscated the whore house in Nevada for tax reasons and continued it's operation.

OTOH, maybe the U.S. Govt would be smart enough to be long term speculators and/or unpredictable whales and not be in need an outlet. I doubt it though.

LouReed

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Quote from: angelamerkel on October 25, 2013, 05:41:58 PM

How did they obtain the password? A deal? Torture? These 144K Bitcoins will be sold eventually. Thought it would have a bigger effect on the price? Or was that already expected?

That's the million dollar question! As sloppy as he was, I highly doubt he stored it without good encryption!

🏰 TradeFortress 🏰

vip

Activity: 1316

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👻

https://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH

I think we'll see a lot less hostile actions to Bitcoin exchanges now, at least until the FBI has sold all their BTC Cheesy

angelamerkel

member

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How did they obtain the password? A deal? Torture? These 144K Bitcoins will be sold eventually. Thought it would have a bigger effect on the price? Or was that already expected?

LouReed

hero member

Activity: 732

Merit: 500

Nosce te Ipsum

I didn't see this posted anywhere yet. If it is, feel free to remove.

It'll be interesting to find out how they got the private key. I would assume he had it encrypted in some form. If he didn't tell them, how would they have gotten it?

http://www.forbes.com/sites/andygreenberg/2013/10/25/fbi-says-its-seized-20-million-in-bitcoins-from-ross-ulbricht-alleged-owner-of-silk-road/

Topic: FBI Seizes DPR's personal coins! 144,000 coins! - page 5. (Read 9320 times)