Police seize cryptocurrency from alleged movie pirate

Re:Police seize cryptocurrency from alleged movie pirate by nodesocket on Friday November 22, 2019 @04:45PM (#21610444)

> But after the police knocked on the door on the weatherboard home in June, McIvor handed them the key codes to unlock more than $6m worth of various cryptocurrencies.

Why in God's name would he give them the wallet keys? I'd be like, what wallets?

[ Parent | on HN ]

Re:Police seize cryptocurrency from alleged movie pirate by jhrkleoipwuer on Friday November 22, 2019 @05:00PM (#21610573)

Because the police probably have chat logs or other evidence that he received bitcoin.

By giving the keys you show good will and cooperation, and will get the lighter end of the sentence.

[ Parent | on HN ]

Re:Police seize cryptocurrency from alleged movie pirate by nodesocket on Friday November 22, 2019 @05:26PM (#21610776)

Maybe... I'd rather do the time, and when I get out a millionaire then do the time and when I get out flat broke.

[ Parent | on HN ]

Re:Police seize cryptocurrency from alleged movie pirate by jhrkleoipwuer on Friday November 22, 2019 @05:30PM (#21610807)

You won't be able to legitimately cash it out, you'll be imprisoned again for money laundering.

So you'll need to take your winnings to a third world country and generally watch your back.

[ Parent | on HN ]

Re:Police seize cryptocurrency from alleged movie pirate by coralreef on Friday November 22, 2019 @06:26PM (#21611178)

I'm guessing he had no plan to "legitimately" cash it out ever, given the way it was procured?

Still, he could have tumbled it, traded for Monero, etc. when he got out.

[ Parent | on HN ]

Re:Police seize cryptocurrency from alleged movie pirate by BubRoss on Friday November 22, 2019 @06:28PM (#21611187)

What are you basing any of that on? There are a lot of places to go and a lot of ways to use cryptocurrency. Why would someone be 'watching their back'?

[ Parent | on HN ]

Re:Police seize cryptocurrency from alleged movie pirate by Nightshaxx on Friday November 22, 2019 @05:00PM (#21610576)

Yea he just gave them a ton of proof that he did do it....

[ Parent | on HN ]