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Author Topic: 10 BTC Casascius up for auction on Stacks Bowers  (Read 1269 times)
krogothmanhattan
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August 24, 2023, 07:09:11 PM
 #41



Knew I had the photo somewhere - apologies going very off topic now Smiley





   That is some treasure trove they got there! I can only dream of owning these loaded!

   What exactly was in the roll with the blue tape? 1 BTC Cas coins?

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owlcatz
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August 24, 2023, 11:52:32 PM
 #42

The guy in the article is also this guy here - https://bitcointalk.org/index.php?action=profile;u=73652

What a f'ckn idiot hacker/scammer....  Grin

https://news.bitcoin.com/us-announces-historic-3-36-billion-cryptocurrency-seizure-as-silk-road-bitcoin-thief-pleads-guilty/

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thoughtfan
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August 25, 2023, 06:17:55 AM
 #43


That article also gives the number of seized Cas coins and total value: "25 Casascius coins (physical bitcoin) worth about 174 BTC";

Almost same no. of coins, same total BTC as per [quote link=topic=5463281.msg62742820#msg62742820 date=1692896989]
...
If we follow the 173 BTC, first it is joined by the proceeds (minus fees) of another Cas1 piece (which, was spent a couple of hours earlier (testing?) to the same address, which (also as a test) was split as 0.01 BTC going to the same 3BGbd address as the 174....

...the redeeming and spending of these 26 Cas coins is part of the consolidation (sale?) of Loaded's confiscated hoard.
[/quote]

...so they are, I'd say almost certainly those coins and the peeling was most likely DOJ (or expert contracted to them) meaning stillherehodling, seek3r, Mbitr were right!

I'm still intrigued as to whether all those 10 BTC UTXOs, the 79.2s (and others moved / split / joined within hours) - all coming from a UTXO that came indirectly from a 9k tx from March 2023 which, a couple of hops further back, was itself formed from multiple 1k UTXOs in March 2022 are also to do with Loaded's stolen stash?

But it would take someone with more skills / tools / time than I have for that.
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August 25, 2023, 09:05:46 PM
Merited by OgNasty (2)
 #44

I need to point out that I wrote an article about this case for Cointelegraph  Cool

https://cointelegraph.com/magazine/3-4-billion-bitcoin-popcorn-tin-silk-road-hacker/

New book: BLOCKLAND: 21 Stories of Bitcoin, Blockchain, and Cryptocurrency www.cryptonumist.com/blockland
Author of Encyclopedia of Physical Bitcoins and Crypto-Currencies. View a free sample and Buy the book at https://cryptonumist.com
To prevent hacks, DO NOT send me BTC above $300 value before first emailing coins@cryptonumist.com to confirm. Beware of scammers on Telegram/Instagram etc.
stillherehodling
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August 26, 2023, 08:26:50 AM
 #45

I need to point out that I wrote an article about this case for Cointelegraph  Cool

https://cointelegraph.com/magazine/3-4-billion-bitcoin-popcorn-tin-silk-road-hacker/


Thats hilarious.

Nicely done Elias  Cool
rsincognito
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August 26, 2023, 09:45:30 PM
 #46

I need to point out that I wrote an article about this case for Cointelegraph  Cool

https://cointelegraph.com/magazine/3-4-billion-bitcoin-popcorn-tin-silk-road-hacker/


Thats hilarious.

Nicely done Elias  Cool

A great read.  Ty. Smiley
krogothmanhattan
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August 27, 2023, 06:29:16 PM
 #47

I need to point out that I wrote an article about this case for Cointelegraph  Cool

https://cointelegraph.com/magazine/3-4-billion-bitcoin-popcorn-tin-silk-road-hacker/



   Elias...awesome article and one for the history books for sure!

    With all that money/BTC the guy could've bought a private island away from it all and dissapeared for life and still be a king of his castle so to speak.

     BTC loaded on coins is a nice way to wash BTC from being tracked....I wonder what happens when the seller of say the 25 BTC cas coin gets the illegitamate BTC the feds are tracking....will that be considered stolen BTC/property and would that be confiscated?

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elianite (OP)
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August 28, 2023, 10:43:22 PM
Merited by owlcatz (1)
 #48

I need to point out that I wrote an article about this case for Cointelegraph  Cool

https://cointelegraph.com/magazine/3-4-billion-bitcoin-popcorn-tin-silk-road-hacker/



   Elias...awesome article and one for the history books for sure!

    With all that money/BTC the guy could've bought a private island away from it all and dissapeared for life and still be a king of his castle so to speak.

     BTC loaded on coins is a nice way to wash BTC from being tracked....I wonder what happens when the seller of say the 25 BTC cas coin gets the illegitamate BTC the feds are tracking....will that be considered stolen BTC/property and would that be confiscated?

With how many coins he has along withthe original flaps and blue tape, I would not be surprised if he bought from Mike directly back in the day. Confiscating the "stolen" BTC fcrom someone who received it in an entirely legal transaction would seem unlikely, particularly if they also seized the item purchased with the BTC -- that's double dipping  Cheesy.

As far as anyone knows, all the physical BTC he had was seized, and its looking like the government decided to peel which I think makes sense in this case as they have a liquidation timeline. I do wonder what they are doing with the spent coins- maybe keepsakes for the agents, maybe returned to Zhong as 'empty' (unlikely), or auctioned off?

What I find particularly funny is the tiny-ass silver bars he had stashed away along 170+ BTC and small mountain of cash.. was he thinking diversification? Grin

New book: BLOCKLAND: 21 Stories of Bitcoin, Blockchain, and Cryptocurrency www.cryptonumist.com/blockland
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To prevent hacks, DO NOT send me BTC above $300 value before first emailing coins@cryptonumist.com to confirm. Beware of scammers on Telegram/Instagram etc.
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August 29, 2023, 12:23:21 AM
 #49

With how many coins he has along withthe original flaps and blue tape, I would not be surprised if he bought from Mike directly back in the day. Confiscating the "stolen" BTC fcrom someone who received it in an entirely legal transaction would seem unlikely, particularly if they also seized the item purchased with the BTC -- that's double dipping  Cheesy.

As far as anyone knows, all the physical BTC he had was seized, and its looking like the government decided to peel which I think makes sense in this case as they have a liquidation timeline. I do wonder what they are doing with the spent coins- maybe keepsakes for the agents, maybe returned to Zhong as 'empty' (unlikely), or auctioned off?

What I find particularly funny is the tiny-ass silver bars he had stashed away along 170+ BTC and small mountain of cash.. was he thinking diversification? Grin


IANAL, but I am the son of one, and I was of the same opinion, that he bought direct from Mike, so whoever bought them should be fine.

Laws are a bitch, but I can find my way to look them up thanks to my dear dad at least. Wink

As for the silver bars, I got a good laugh at that myself, and no idea. Maybe he doesn't /didn't know much about PM's? Tongue





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stillherehodling
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August 29, 2023, 07:06:03 AM
 #50

Is there any evidence that DPR, or one of the marshal's dealt with, or acquired physicals in any way? Pretty sure that a coin and its addy with that kind of verifiable provenance, has a premium attached (unlike it being owned by Charlie Lee).

And, who is going to contact the DOJ to ask what they do/did with peeled physicals?
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September 02, 2023, 02:28:18 AM
 #51

Is there any evidence that DPR, or one of the marshal's dealt with, or acquired physicals in any way? Pretty sure that a coin and its addy with that kind of verifiable provenance, has a premium attached (unlike it being owned by Charlie Lee).

And, who is going to contact the DOJ to ask what they do/did with peeled physicals?

Not that I am aware of and have read many things about Silk Road 1/DPR...

They redeem them. Who knows what happens to the physical remnants. Maybe they melt them down into USD silver/fiat? Grin

No idea really, but let us know what they say if you contact them about it, would be interesting I guess?

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