161–170 of 369 posts
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That depends on your circumstances. There may be an 18 month limit in some situations.[0] [0] https://arstechnica.com/tech-policy/2020/02/man-who-refused-...
That's for "refusal to testify".
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I know it sounds silly but it’s legit. Tons of stories of people driving out to buy a car, getting pulled over, having $10k seized without being charged with a crime, and then having to sue to get it back under a presumption of guilt. Bitcoin is harder to seize under civil asset forfeiture. ETA: in the US. Not sure about other countries.
Or they could have just used a bank account. More people have lost money to Bitcoin scams and exchange fraud (see e.g. Mt Gox) than have lost their money to civil forfeiture. Depending on the price of Bitcoin, but (based on the current price of Bitcoin) more $$$ has been lost to crypto fraud as well.
TL;DR: The wallet held the proceeds of "Silk Road" drug trafficking, a hacker stole the wallet. Feds tracked down the hacker and just made a deal with him to give them keys to the $1B wallet. Hacker prob got a nice pen and stayed out of Federal prison.
> and stayed out of Federal prison. I'm a little confused there, because both the hacking and money laundering should have been beyond the statute of limitations.
According to the filing, the last transaction involved in the hack was in November 2015, so the statute probably would have expired this month.
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That's for "refusal to testify".
If you read the first paragraph you'll see it spelled out: > a federal judge held him in contempt
> After losing that appeal, Rawls raised another challenge: the federal statute that allows judges to hold witnesses in contempt for refusing to testify, passed in 1970, states that "in no event shall such confinement exceed eighteen months."
This limit does not apply if you are not a witness.
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Luckily there is Monero https://www.getmonero.org/
Not sure why you're getting downvoted, to my knowledge you're correct.
See “Breaking Monero” series on YouTube.
I'm not the most saavy BTC person, but isn't part of the allure of bitcoin the ability to evade this type of seizure?
The point of bitcoin is that you can drive across the country "carrying" $1B worth of assets, and if you get pulled over by the cops it won't be found. Try doing that with gold bars or stacks of cash.
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The Bitcoin Cash coins were received solely as a result of owning coins that were the proceeds of a crime, therefore, the BC coins were themselves also deemed the proceeds of a crime.
Under US forfeiture laws proceeds is defined as the following: (A) In cases involving illegal goods, illegal services, unlawful activities, and telemarketing and health care fraud schemes, the term “proceeds” means property of any kind obtained directly or indirectly, as the result of the commission of the offense giving rise to forfeiture, and any property traceable thereto, and is not limited to the net gain or pro…
In one extreme case (at the state level), prosecutor successfully seized the house of the parent of a defendant, where the defendant had made one gift mortgage payment on behalf of their parents, who had timely paid the mortgage for several years and were not at any risk of being unable to pay their mortgage.
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Change your gateway from 1.1.1.1 to 8.8.8.8 and see if it makes a difference
First, 1.1.1.1 and 8.8.8.8 are DNS servers, not gateways. Second, changing DNS server doesn't really work against a 404.
Even if not for wrong DNS resolution, it might be the load balancer that points you to server who doesn't have the resource somehow.
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Plenty of rich people drive or fly across the country all the time "carrying" $1b worth of assets. They're called bank accounts, and you can access them with these things called "check books" and "debit cards" that you can use in infinitely more places than you can transact Bitcoin or other crypto.
>They're called bank accounts, and you can access them In lots of countries this is not guaranteed. Most recent example is Venezuela, central authorities imposed limited withdrawals.
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Plenty of rich people drive or fly across the country all the time "carrying" $1b worth of assets. They're called bank accounts, and you can access them with these things called "check books" and "debit cards" that you can use in infinitely more places than you can transact Bitcoin or other crypto.
Access is not the same as ownership. Your account can be frozen and confiscated with little recourse.