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Blockchain info for 37,365 BTC seized by FBI
- eieio 13y agoThis 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.
- wheelerwj 13y agoif it is the FBI, at least they are making it easy to track.
- spectre256 13y agoQuestion 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?
- oscilloscope 13y agoAll you need is the private key to sign a transaction.
- kaoD 13y agoWhich is usually encrypted and requires action (password disclosure) from the owner.
- betterunix 13y agoNot 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.
- kaoD 13y agoHow can the FBI seize BTC? "I'm sorry Mr. Agent, but I forgot my wallet password!"
- gizmo686 13y agoOkay, we'll just be taking your computer.
- shiftpgdn 13y agoYou don't hide a backup of your wallet on an ftp account somewhere or on a thumb drive?
- timdorr 13y agoI'm sure the FBI has it's own wallet.
- betterunix 13y ago"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."
- kaoD 13y agoI'm sure most of the money is in a seldom used savings account. That's what's great about Bitcoin.
- yvishyar 13y agoI think you have made this up. 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
- dimadima 13y agoSo let's see what they do with these.
- javert 13y agoI don't understand. How do we know the FBI seized the bitcoins at this address? Also, there are only 27,365 BTC there, but I assume that's a typo in the title here on HN.
- jsmeaton 13y agoHow does this link show that BTC was seized? Flagged.
- Whitespace 13y agoI have no clue or context for what I'm supposed to be looking at, but the transfer of 0.1337 BTC is amusing at the very least.
- cstrat 13y agohaha yeah i saw that and had a giggle.
- fennecfoxen 13y ago~= $3,248,000 USD at present rates.
- alttab 13y agoIf 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.
- sehrope 13y agoIf 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).