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How exactly did the US feds "Seize" 5 million in bitcoin? I thought the whole point was that it wasn't seizable unless you got the encryption keys, which would

How exactly did the US feds "Seize" 5 million in bitcoin? I thought the whole point was that it wasn't seizable unless you got the encryption keys, which would be weird since MTGOX is based in Japan, no?

dragonwriter 13y ago
> How exactly did the US feds "Seize" 5 million in bitcoin? Presumably, if they wanted to seize bitcoin, they'd produce a demand to turn the bitcoin over along with stating the legal authority for the demand and the legal consequences of failing to comply with it; lots of actual seizures work that way. But if you read the article, the $5+ million seized from Mt.Gox by the US government was US dollars (not bitcoins) ($2.9 million from Mt.Gox's account with Dwolla, and $2.1+ million from two Wells Fargo accounts), so "how can you seize bitcoins" is irrelevant.