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US Seizes 15B BTC, Indicts Chairman: Forced Labor Scam Compounds, Crypto Fraud

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US Seizes 15B BTC, Indicts Chairman: Forced Labor Scam Compounds, Crypto Fraud

#1

Post by eevilspock » Sat, Oct 18, 2025, 9:34 AM UTC

US Seizes 15B BTC, Indicts Chairman: Forced Labor Scam Compounds, Crypto Fraud
justice.gov

Re: US Seizes 15B BTC, Indicts Chairman: Forced Labor Scam Compounds, Crypto Fraud

#2

Post by eevilspock » Sat, Oct 18, 2025, 9:36 AM UTC

In the media: https://thediplomat.com/2025/10/us-uk-announce-sweeping-sanc...

Re: US Seizes 15B BTC, Indicts Chairman: Forced Labor Scam Compounds, Crypto Fraud

#3

Post by WJW » Sat, Oct 18, 2025, 10:12 AM UTC

15 billion USD worth of bitcoin, not 15 billion bitcoins.

Re: US Seizes 15B BTC, Indicts Chairman: Forced Labor Scam Compounds, Crypto Fraud

#4

Post by skilled » Sat, Oct 18, 2025, 10:22 AM UTC

Previous discussion from a few days ago:

https://news.ycombinator.com/item?id=45580981

Re: US Seizes 15B BTC, Indicts Chairman: Forced Labor Scam Compounds, Crypto Fraud

#5

Post by edm0nd » Sat, Oct 18, 2025, 10:33 AM UTC

There can only even be 21M BTC ever. Title is derp'd

Re: US Seizes 15B BTC, Indicts Chairman: Forced Labor Scam Compounds, Crypto Fraud

#6

Post by simmerup » Sat, Oct 18, 2025, 10:44 AM UTC

edm0nd wrote: post #5

There can only even be 21M BTC ever. Title is derp'd

Until they change the alogrithm anyway

Re: US Seizes 15B BTC, Indicts Chairman: Forced Labor Scam Compounds, Crypto Fraud

#7

Post by adastra22 » Sat, Oct 18, 2025, 11:22 AM UTC

simmerup wrote: post #6

edm0nd wrote: post #5

There can only even be 21M BTC ever. Title is derp'd

Until they change the alogrithm anyway

There is no “they” able to change the algorithm.

Re: US Seizes 15B BTC, Indicts Chairman: Forced Labor Scam Compounds, Crypto Fraud

#8

Post by adastra22 » Sat, Oct 18, 2025, 11:22 AM UTC

“15B in BTC” — please fix the title

Re: US Seizes 15B BTC, Indicts Chairman: Forced Labor Scam Compounds, Crypto Fraud

#9

Post by sjsdaiuasgdia » Sat, Oct 18, 2025, 11:27 AM UTC

adastra22 wrote: post #7

simmerup wrote: post #6

Earlier quoted context omitted.

Until they change the alogrithm anyway

There is no “they” able to change the algorithm.

A consensus of miners is still a "they".

Re: US Seizes 15B BTC, Indicts Chairman: Forced Labor Scam Compounds, Crypto Fraud

#10

Post by adastra22 » Sat, Oct 18, 2025, 11:46 AM UTC

sjsdaiuasgdia wrote: post #9

adastra22 wrote: post #7

Earlier quoted context omitted.

There is no “they” able to change the algorithm.

A consensus of miners is still a "they".

Even a unanimous agreement of all miners would be unable to change consensus rules. These rules are not set by miners.

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