2013-06-25 Vice.com: The DEA Just Seized 11 Bitcoins

[patricktim]

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
Follow us: @motherboard on Twitter | motherboardtv on Facebook

[BitChick]

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.

[kokjo]

Interesting question:
What will they do with this "illegal" currency that they are now in possession of?

[notme]

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 .

[kjlimo]

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...