Sunday, April 13, 2014

How can the police seize Bitcoins?

FBI seized $3.6m Bitcoin fortune of the alleged Silk Road mastermind – but how can you seize a currency that doesn't exist? When the FBI seized alleged Silk Road mastermind Ross Ulbricht's 26,000 Bitcoin fortune on Tuesday, it raised the simple question: how can you seize a currency that does not exist? The Bitcoin haul, worth around $3.6m, represents the largest single seizure of the currency ...

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