Post
Topic
Board Bitcoin Discussion
Re: [Offically Announced] U.S. To Sell Silkroad's Bitcoins
by
scintill
on 18/01/2014, 00:11:24 UTC
The guy hasn't even had  a trial yet and they are selling off his property. Thats some next level bullshit right there.
Evidently the court can do this.  Who knew?  I assumed they would have to wait until after the trial.  Learn something new every day.

From what I understand DPR has claimed ownership interest of the 144,000 BTC so that will tie up those BTC for a while.

I assume they can sell the smaller wallet sooner since DPR did not contest the ownership of those BTC.

It is a little surprising, but doesn't sound terribly unfair.  IANAL, but I think of it as, they had a little trial with the judge who signed the forfeiture order.  They presented evidence that the server was running SR and had some coins on it.  That's a pretty slam-dunk case, so they can take the coins.  They haven't yet finished the trial to see whether Ulbricht ran SR, so he can keep his personal coins.