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US seizes 'largest ever' Bitcoin haul from man linked to Silk Road website
- rh73 13y agoAccording to some older news from when Ulbricht was arrested he was living a humble student's life, sharing his flat with two others iirc. All the while having Bitcoins worth $29 millions on his PC. I wonder if this will speak in his favor, implying that Silk Road was just intended as a proof of concept and he never intended to make money with a drug marketplace. But probably the sheer amount of money will be held against him and he'll be treated like some kingpin. Either way, I pity this guy. The technology was pretty soundproof and a small slipup he made years ago now ruined his life. Why didn't he leave the country after it became obvious that SR started rolling?
- wintersFright 13y agowhat will this do to the BTC market when the feds liquidate their haul? Is it big enough to swallow a $29 million sell order?