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Bitcoin => Press => Topic started by: patricktim on June 26, 2013, 09:48:56 AM



Title: 2013-06-25 Vice.com: The DEA Just Seized 11 Bitcoins
Post by: patricktim on June 26, 2013, 09:48:56 AM
http://motherboard.vice.com/blog/the-dea-just-seized-11-bitcoins

That comes out to $814.22 USD. Hardly staggering. But the Drug Enforcement Administration can nevertheless carve another notch in its bloated belt: In an apparent first for both the DEA and the world's foremost cryptocurrency, the agency has nabbed its first haul of bitcoins from an individual. The question is, did the DEA set up a bogus "honeypot" account to peddle drugs and then flag the substances as seized once payment cleared?

Read more: http://motherboard.vice.com/blog/the-dea-just-seized-11-bitcoins#ixzz2XJZK3b00
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Title: Re: 2013-06-25 The DEA Just Seized 11 Bitcoins
Post by: BitChick on June 26, 2013, 09:16:22 PM
At least it shows that BTC is valuable enough to be seized!  I am not happy with BTC being affiliated with drug trafficking so I suppose it is fine that they are seizing BTC if they have proof of it being used for illicit reasons.


Title: Re: 2013-06-25 The DEA Just Seized 11 Bitcoins
Post by: kokjo on June 26, 2013, 09:19:12 PM
Interesting question:
What will they do with this "illegal" currency that they are now in possession of?


Title: Re: 2013-06-25 The DEA Just Seized 11 Bitcoins
Post by: notme on June 26, 2013, 09:45:06 PM
Interesting question:
What will they do with this "illegal" currency that they are now in possession of?
Send it to somewhere even more interesting by the looks of things. Not followed it far but its gone through an address that's had more than 10k coins go through it.

They probably just sold it on MtGox :P.


Title: Re: 2013-06-25 The DEA Just Seized 11 Bitcoins
Post by: kjlimo on June 27, 2013, 05:40:43 AM
Interesting question:
What will they do with this "illegal" currency that they are now in possession of?

I'm sure they've never had anything "illegal" in their possession before...  :o