Quote from: coinforlife on November 06, 2020, 12:45:50 AM

We all have read about the 1 billion in crypto siezed by the gov. In one article it said that the funds were forefieted but that doesnt make sense. Please can someone explain in detail how bitcoin is siezed. I have read every article about this, googled it, and never seen an explaination on how it is done. Im asking for a technical explaination with facts. Does siezed mean someone was arrested and forced to give them control of a wallet? Or do they have a way to take control of a Wallet, and if the answer is yes, I would like to know how.

Sometimes during the investigation, as a result of searches or other investigative actions, private keys from cryptocurrency wallets are discovered. These can be paper records or information on a computer. Or the owner of the cryptocurrency, as a result of various agreements, voluntarily issues private keys to pay off material damage. These are the main ways how the private keys from wallets go to the investigation and then to the court, as a result of which the court decides on their confiscation. If the investigation and the court only know the public address of the wallet, or a public transaction is known, they will not do anything with this information.