Re:Indiana police are seizing FedEx packages containing cash
by rodrigosetti on Monday September 16, 2024 @11:30PM
(#41563817)
They should've used crypto
[ Parent
| on HN ]
Re:Indiana police are seizing FedEx packages containing cash
by kennywinker on Monday September 16, 2024 @11:35PM
(#41563850)
Civil forfeiture also applies to crypto.
Re:Indiana police are seizing FedEx packages containing cash
by big-green-man on Monday September 16, 2024 @11:41PM
(#41563879)
Yeah, but it wouldn't be getting seized at a FedEx distribution center if it weren't an envelope of cash.
Re:Indiana police are seizing FedEx packages containing cash
by chrisco255 on Tuesday September 17, 2024 @12:51AM
(#41564242)
Stable coins can be frozen. And even BTC can be traced to whatever centralized exchange it eventually ends up at.
Re:Indiana police are seizing FedEx packages containing cash
by OutOfHere on Tuesday September 17, 2024 @02:58AM
(#41565041)
First they have to identify the BTC.
Re:Indiana police are seizing FedEx packages containing cash
by which on Wednesday September 18, 2024 @11:17AM
(#41580817)
If you actually read the article, they weren't doing anything illegal... that's why IJ is giving them legal representation. The government would have a harder time seizing stablecoins because they couldn't say "well a K9 indicated there was drug residue on the bills" or whatever.
Re:Indiana police are seizing FedEx packages containing cash
by dylan604 on Monday September 16, 2024 @11:42PM
(#41563882)
You better have your $5 wrench available to get access though. It's not like they can just take the briefcase or duffel bag full of crypto away from you.
Re:Indiana police are seizing FedEx packages containing cash
by kotaKat on Tuesday September 17, 2024 @08:06AM
(#41566783)
No, they should have placed the cash in a box and sent it via USPS Registered Mail.
Then it requires the feds themselves to interfere to open the package. Plus, Registered Mail has a full chain of custody as the item becomes a fully accountable item within the mail stream that is signed for at every single touch along the way.