U.S. seizes $1 Billion in Bitcoin wallet

[Pauls' Revere]

WOW! This kind of power & control scares the daylights outta me. If/when they ever introduce a FED Coin this is the leash we will on. On a side note, what do you think the U.S. Gov is going to do with $1 billion in BTC? Who can they covertly pay? What can they covertly accomplish? What kind of black op can they run with $1 Billion dollars of hard to trace (laundered money) that the common person will never know. Will this be used to pay politicians? Frankly I'm a bit worried.


https://www.vice.com/en/article/akd...on-in-bitcoin-from-wallet-linked-to-silk-road

U.S. Feds Seized Nearly $1 Billion in Bitcoin from Wallet Linked to Silk Road
Speculation kicked off after someone moved the huge sum on Tuesday, and now we know who it was: the U.S. government.

On Tuesday, someone emptied out one of the most mysterious and most valuable Bitcoin wallets in existence, which contained almost $1 billion dollars linked to the notorious Silk Road dark web market.

We now know who did it: the U.S. government.

On Thursday, the Department of Justice announced that it had seized the wallet.

“Silk Road was the most notorious online criminal marketplace of its day,” U.S. Attorney David Anderson said in a press release. “The successful prosecution of Silk Road’s founder in 2015 left open a billion-dollar question. Where did the money go? Today’s forfeiture complaint answers this open question at least in part. $1 billion of these criminal proceeds are now in the United States’ possession.”

 

[Working Poor]

Yea this does seem troublesome alright.

 

[Origanalist]

Criminal enterprises don't like competition or failure to pay protection money.

 

[devil21]

If the DOJ starts dumping them into the open market, current bitcoin holders better brace for a major price dump. DOJ won't sit around trying to time sales for max bid in little offerings. They'll just offer them in huge chunks at market bid.

 

[dannno]

If the DOJ starts dumping them into the open market, current bitcoin holders better brace for a major price dump. DOJ won't sit around trying to time sales for max bid in little offerings. They'll just offer them in huge chunks at market bid.

$15,510

 

[dannno]

This was stolen bitcoin from the silk road operator. They should give it back to the owner, the silk road operator, but unfortunately he is in prison because the government set him up.

 

[devil21]

$15,510

Your point? Events look to be timing up for yet another massive btc pump and dump.