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And So It Begins: Bitcoins seized by DEA

Posted on 6/24/13 at 11:37 am
Posted by gizmoflak
Member since May 2007
11665 posts
Posted on 6/24/13 at 11:37 am
quote:

The Drug Enforcement Administration posted an Official Notification that Bitcoin (i.e. property) belonging to Eric Daniel Hughes was seized for forfeiture pursuant to 21 U.S.C. § 881, because the property was used or acquired as a result of a violation of the Controlled Substances Act (21 U.S.C. §§ 801 et seq.)





LINK
Posted by gizmoflak
Member since May 2007
11665 posts
Posted on 6/24/13 at 11:37 am to
Posted by Broke
AKA Buttercup
Member since Sep 2006
65049 posts
Posted on 6/24/13 at 11:43 am to
quote:

Taint analysis reveals that nearly 10% of those bitcoins eventually pass through an address responsible for transacting more than 419,000btc since 2012


I soooooo want to know what Taint Analysis is.
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 6/24/13 at 12:58 pm to
This is obviously a fraudulent story.

Wiki and joshie have repeatedly assured us there is no way the government can seize bitcoins.
Posted by GumboPot
Member since Mar 2009
118997 posts
Posted on 6/24/13 at 1:25 pm to
From the comment section of your link:

quote:

It sounds pretty simple to me. He was buying drugs off of The Silkroad (from the feds) and probably wasn't smart enough to ship to a third party address. Game Over.


IDK about all this bitcoin stuff, but the moral of the story is don't deal drugs.
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