Quote from: krogothmanhattan on August 27, 2023, 06:29:16 PM

Quote from: elianite on August 25, 2023, 09:05:46 PM

I need to point out that I wrote an article about this case for Cointelegraph Cool

https://cointelegraph.com/magazine/3-4-billion-bitcoin-popcorn-tin-silk-road-hacker/

Elias...awesome article and one for the history books for sure!

With all that money/BTC the guy could've bought a private island away from it all and dissapeared for life and still be a king of his castle so to speak.

BTC loaded on coins is a nice way to wash BTC from being tracked....I wonder what happens when the seller of say the 25 BTC cas coin gets the illegitamate BTC the feds are tracking....will that be considered stolen BTC/property and would that be confiscated?

With how many coins he has, I would not be surprised if he bought from Mike directly back in the day. Confiscating the "stolen" BTC fcrom someone who received it in an entirely legal transaction would seem unlikely, particularly if they also seized the item purchased with the BTC -- that's double dipping Cheesy

.

As far as anyone knows, all the physical BTC he had was seized, and its looking like the government decided to peel which I think makes sense in this case as they have a liquidation timeline. I do wonder what they are doing with the spent coins- maybe keepsakes for the agents, maybe returned to Zhong as 'empty' (unlikely), or auctioned off?