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The Bitcoin guy who was "busted" by the DEA says "Wasn't me, bro."
Posted on 7/9/13 at 2:32 pm
Posted on 7/9/13 at 2:32 pm
quote:
A Charleston man tied to the first-ever law enforcement seizure of digital Bitcoins insists he had nothing to do with the virtual currency and is the victim of mistaken identity, according to his lawyer.
quote:
Hughes maintains the Bitcoins didn’t belong to him and that he had no part in buying or selling anything on Silk Road, he said.
Hughes had some friends staying at his St. Philip Street apartment when the seizure went down in April, and he suspects he is being blamed for the actions of one of his house guests, Aylor said.
Stay tuned to find out whodunit. If that can be proven.
LINK
4
Posted on 7/9/13 at 2:44 pm to gizmoflak
quote:
Stay tuned to find out whodunit. If that can be proven.
ISWYDT
Posted on 7/9/13 at 2:47 pm to gizmoflak
I wouldn't allow a bitcoin user in my home, much less use my computer.
Posted on 7/9/13 at 2:49 pm to Vols&Shaft83
If I knew you, I would buy a bitcoin in your house, in front of you.
Posted on 7/9/13 at 2:51 pm to Volvagia
quote:
If I knew you, I would buy a bitcoin in your house, in front of you.
Better pack a lunch and bring a friend mother fricker
Posted on 7/9/13 at 3:01 pm to Vols&Shaft83
Posted on 7/9/13 at 3:09 pm to Volvagia
Posted on 7/9/13 at 3:10 pm to gizmoflak
A lawyer once told me, "Even if you're caught in bed with someone's wife, start denying everything."
What did you expect the guy to say, "Yep. You got me. I did it"??????
Jeez.....
What did you expect the guy to say, "Yep. You got me. I did it"??????
Jeez.....
Posted on 7/9/13 at 3:14 pm to LSURussian
quote:
What did you expect the guy to say, "Yep. You got me. I did it"??????
nope, I expect him to say, "The boogeyman (who was staying at my crib) did it. You can't prove it was me."
Which is essentially what he did say.
This is a great test to see how good the feds are at making bitcoin-related charges stick.
Posted on 7/9/13 at 3:19 pm to Vols&Shaft83
Posted on 7/9/13 at 3:20 pm to gizmoflak
quote:Who has the bitcoins now?
This is a great test to see how good the feds are at making bitcoin-related charges stick.
"But...but....but....authorities can't get to bitcoins!! They are safe and secure from the government."
Posted on 7/9/13 at 3:23 pm to LSURussian
To be fair, unless I'm mistaken the bitcoins weren't seized.
They were freely given by the owner.
The fact that it was a sting op is another matter.
Granted its only a matter of time before that changes.
They were freely given by the owner.
The fact that it was a sting op is another matter.
Granted its only a matter of time before that changes.
Posted on 7/9/13 at 3:25 pm to Volvagia
quote:
To be fair, unless I'm mistaken the bitcoins weren't seized.
From the article:
quote:
In a case believed to be the first of its kind, federal authorities have seized a Charleston man's virtual currency due to an alleged drug law violation with possible links to a shadowy online black market.
Posted on 7/9/13 at 3:28 pm to OnTheBrink
I know that's what the article says.
I've long since learned not to take a reporter's words as gospel.
I find half the time they don't even understand what they are reporting.
An earlier story on this said the seizure was from the transaction itself.
Which also makes more sense.
ETA: Even the full article is suggestive of what I just said: they seized the currency used in the transaction. Nothing more.
I've long since learned not to take a reporter's words as gospel.
I find half the time they don't even understand what they are reporting.
An earlier story on this said the seizure was from the transaction itself.
Which also makes more sense.
ETA: Even the full article is suggestive of what I just said: they seized the currency used in the transaction. Nothing more.
This post was edited on 7/9/13 at 3:33 pm
Posted on 7/9/13 at 3:28 pm to gizmoflak
quote:
This is a great test to see how good the feds are at making bitcoin-related charges stick.
What bitcoin charges? He was charged with possessing illegal drugs, which they found in his house.
Are you now saying owning bitcoins is illegal and that is what the Feds are "charging" him with....'illegal possession of a digital currency'?
They found illegal drugs and confiscated them along with the bitcoins they found on his computer just as they would confiscate cash found during a drug bust.
WTF is your point?
Posted on 7/9/13 at 3:30 pm to Volvagia
quote:You're mistaken.
To be fair, unless I'm mistaken the bitcoins weren't seized.
Posted on 7/9/13 at 3:32 pm to OnTheBrink
quote:
From the article:
The use of the term "seize" implies that the Feds were able to get a hold of the coins without the owners consent. However, while no exact details have been released, the prevailing thought is that it was done through a sting operation where the individual willingly sent the bitcoins to the Feds and they are now keeping them, thus the "seizure."
Of course, the histrionic girls on this site would have you believe that the Feds used some technological magic to go in and take the bitcoins from his wallet without his consent.
ETA: And in case LSURussian is right in his assessment, then perhaps another possible scenario is that the Feds physically seized a computer where the bitcoins were stored. However, if they were able to "seize" them with that method, that would mean that the owner did not encrypt his wallet.
But there are no details being released as far as I know, so LSURussian shouldn't be speaking so assuredly.
This post was edited on 7/9/13 at 3:35 pm
Posted on 7/9/13 at 3:35 pm to LSURussian
Maybe.
But I have seen nothing as of yet that supports your interpretation of events...link to where you got that?
Everything I see regarding the amount seized goes back to the sting operation transaction.
But I have seen nothing as of yet that supports your interpretation of events...link to where you got that?
Everything I see regarding the amount seized goes back to the sting operation transaction.
Posted on 7/9/13 at 3:35 pm to WikiTiger
Posted on 7/9/13 at 3:42 pm to LSURussian
Transacting drugs for bitcoins, you obtuse Luddite
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