FBI seizes 144,000 Bitcoins from Silk Road founder worth $28.5 million

By Shawn Knight · 11 replies
Oct 26, 2013
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  1. When the Federal Bureau of Investigation nabbed alleged Silk Road founder Ross Ulbricht, they left behind one giant piece of the puzzle – the mastermind’s hidden stashes of Bitcoins that may collectively be worth as much as $80 million.

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  2. Mortalife

    Mortalife TS Rookie

    "This is our money now.."
  3. cliffordcooley

    cliffordcooley TS Guardian Fighter Posts: 10,463   +4,341

    Yep, legalized robbery!
    lmike6453, spencer and wastedkill like this.
  4. captaincranky

    captaincranky TechSpot Addict Posts: 13,784   +3,203

    Clifford, you don't believe in Bitcoins anyway, so how could this be "legalized robbery"?

    The funny thing here is, the FBI may have inadvertently legitimized Bitcoin as, "legal tender", in the process.

    As you should well know, you don't get to keep the money you've received from selling illegal drugs, it's part of the contraband. (So are the guns).

    So now, it's a bit chilly out today. Why don't you come down off that breezy soapbox, and come inside with the rest of us?

    Or did I forget something. Like maybe you think selling heroin isn't illegal when it's done over the internet?
  5. @ captaincranky : Keep believing everything you're told; life is simpler that way.
    spencer likes this.
  6. Xclusiveitalian

    Xclusiveitalian TS Evangelist Posts: 730   +97

    Honestly, the FBI shouldn't be allowed to seize whatever they want, this isn't US dollars... Our Government is out of control!
    wastedkill likes this.
  7. captaincranky

    captaincranky TechSpot Addict Posts: 13,784   +3,203

    How could you possibly say that? After all, this is the, "land of the free, and the home of the brave".

    And actually, your dead wrong. If you want to believe that Bitcoins are legal tender, then they are part of someone's assets. If they were obtained though the commission of a felony, then they are contraband.

    If the drugs were delivered anywhere on US soil, then the crime was committed in the US.

    If I use your logic, then the hash I imported from Afghanistan should be legal, because it wasn't grown here. The Mexican that just sauntered across the border isn't an illegal alien, because he's not a US citizen, so our laws don't apply to him.

    Most of what these threads amount to, is a bunch of jacka**es, deciding they're members of some secret world legislature, and that means they can set the bar for what is legal, and what laws should be enforced, wherever it's momentarily convenient.

    Keep posting as a "guest", so I can keep believing that your opinion is invalid. But wait, that is easier for me. Hm, a conundrum.:D
  8. ikesmasher

    ikesmasher TS Evangelist Posts: 3,057   +1,372

    Its not ANY nations dollar. the currency has no physical foundation. The FBI, if they dont sell it, can just as well leave the coins in some account rotting somewhere, and bitcoins' value will fluctuate accordingly.
  9. cliffordcooley

    cliffordcooley TS Guardian Fighter Posts: 10,463   +4,341

    You guys crack me up. LOL
  10. dividebyzero

    dividebyzero trainee n00b Posts: 4,840   +1,266

    Complete the circle. FBI uses the bitcoins as a confidential informer discretionary fund, and the recipients go on a Mexican Oxycontin shopping spree.
    ikesmasher likes this.
  11. Damn, he could have bought a lot of a$$ protection in jail for that...if the soap-wielding bandits accept bitcoin, that is.
  12. captaincranky

    captaincranky TechSpot Addict Posts: 13,784   +3,203

    The whole sordid affair makes me want to clap my hands, and stomp my feet. Here's the complete incidental music for these homespun doings:



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