The Department of Justice (DoJ) seized a large sum of Bitcoin from an online black market known as Silk Road in October of 2013. Silk Road was an extremely popular site among criminals and drug dealers, as it allowed them to buy and sell illegal items and services anonymously. The DoJ’s seizure of Silk Road’s […]
Does 3.6b Crypto Seizure How Is
On January 24, 2019, the US Department of Justice (DOJ) announced that it had seized 3.6 billion dollars’ worth of cryptocurrency from a single individual. The individual, identified only as “PMorgan Chase Bank, N.A., as Custodian for the benefit of T.A.R.F.E.N. Entertainment, LLC,” is said to have used the cryptocurrency to purchase items such as […]
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How Did The Government Seize Bitcoin
The US government has been known to seize assets it deems to be connected to criminal activity. This includes cash, real estate, and cars. In recent years, the government has also begun to seize digital assets, such as bitcoin. How does the government seize bitcoin? There are a few different ways that the government can […]
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