This is interesting but is there proof that these bitcoins have been seized? Is it related to Silk Road being shut down? I feel like I missed something.
Also it looks like there is a typo in the title, the linked site says that the transfer is for 27,365 bitcoins. Still a crazy amount.
Question from someone with little bitcoin experience.
Does this require action on the part of the original bitcoin owner? Or in this case has the FBI seized all the keys/credentials required to do this themselves?
Not necessarily disclosure. A court could probably demand that the owner enter his password and engage in a transaction with the FBI / with the court / some court-appointed escrow. One might argue that by transferring the money they would incriminate themselves e.g. by demonstrating that they control it, but I do not think that would matter in terms of seizing the money.
"Funny how you were able to engage in a transaction yesterday, right before we arrested you. Let's see if the court believes your story about forgetting your password."
the first transaction to this address happened yesterday, do you think the FBI waited for the whole world to know about the DPR arrest and then started seizing the bitcoins. I think it was you who after learning about the news items started making these transactions.
Congratulations on having such a huge number of bitcoins by the way
If they shut down Silk Road, and they have a bunch of block chain info, a couple more cross references and a bunch of arrests could settle the bitcoin dispute pretty quickly.
If it were seized by the Feds it'll be interesting to see where it goes. You'd think the first action would be to transfer all of it to new address controlled by the Fed. Otherwise nothing stops a "man on the outside" from doing the same on behalf of DPR. Anybody, anywhere could do it and the destination could be an offline address thats never been used before (eg cold storage address).
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[ 6.8 ms ] story [ 71.6 ms ] threadAlso it looks like there is a typo in the title, the linked site says that the transfer is for 27,365 bitcoins. Still a crazy amount.
Does this require action on the part of the original bitcoin owner? Or in this case has the FBI seized all the keys/credentials required to do this themselves?
"I'm sorry Mr. Agent, but I forgot my wallet password!"
the first transaction to this address happened yesterday, do you think the FBI waited for the whole world to know about the DPR arrest and then started seizing the bitcoins. I think it was you who after learning about the news items started making these transactions.
Congratulations on having such a huge number of bitcoins by the way
Also, there are only 27,365 BTC there, but I assume that's a typo in the title here on HN.