I don't get it. How did they confiscate wallets?
they got access to the marketplace .dat file and transferred all the coins to a private account
Oh so they got
a wallet with 11,000 coins. This article made it sound like they got the personal wallets of 11,000 users of this site.
its possible that the website had 11k accounts, or more likely that the wallet had 11k separate addresses with balances probably including change addresses. you know how the feds and the media love to over exaggerate
We need a test case where the federal agents are charged with criminal impersonation for transferring coins out of an account. While the feds can go to a bank and put a claim on your account with a court order, one thing they can't do is pretend they're you, and forge your signature on a check to get your money out. Signing a transaction with someone else's key is the same thing.