Re:U.S. Feds Seized Nearly $1B in Bitcoin from Wallet Linked...
by paulpauper on Thursday November 05, 2020 @05:46PM
(#25002924)
Not unless they can prove it was ill-gotten. It has to go through a trial
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Re:U.S. Feds Seized Nearly $1B in Bitcoin from Wallet Linked...
by sneak on Thursday November 05, 2020 @06:03PM
(#25003062)
If only that were true. The FBI usually goes with the policy of "might makes right".
Especially for relatively low-value items (like laptops, phones, et c) stuff that the state seizes cannot be cost effectively retrieved, even in the absence of a charge or conviction. You're looking at a minimum of $10k USD in legal fees to begin demanding your stuff back.
The "innocent until proven guilty" policy is mostly a myth in the USA.
Re:U.S. Feds Seized Nearly $1B in Bitcoin from Wallet Linked...
by jjeaff on Thursday November 05, 2020 @05:56PM
(#25003008)
Looks most likely that the government can keep it unless someone files suit to contest the seizure.
https://www.fbi.gov/investigate/white-collar-crime/asset-for....
Re:U.S. Feds Seized Nearly $1B in Bitcoin from Wallet Linked...
by pessimizer on Thursday November 05, 2020 @07:24PM
(#25003617)
> It has to go through a trial
Quite literally. They file suit against the items themselves, and always win.
Re:U.S. Feds Seized Nearly $1B in Bitcoin from Wallet Linked...
by stjohnswarts on Thursday November 05, 2020 @08:48PM
(#25004075)
Hard to win when you can't actually testify :) . CAF is such a joke. It really needs to stop (some success at that in some states). The Founding Fathers would never have allowed it.