The US government just seized 127,000 BTC from a guy who operated forced labor crypto scam compounds in Cambodia.
This marks the largest seizure of any kind in history.
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JFC…
Tax Neutral
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Could you plug a link. I want to read more
Fuck him
Reserve funded? Lol
Hopefully they can return to people.
How exactly was it seized? Was he keeping it all on an exchange? Or did he willingly hand it over?
Bears eat before the winter, remember friends 🐻🤤
SBR back on track!
Is this considered a budget neutral way of growing the sbr?
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SBR seed money in the bag 😂
So he's still at large, but they got his Bitcoin?

Is That guy a CIA guy and That was where the US cripto was ? x)
source link please
"Zhi, who is also known as “Vincent,” remains at large, according to the U.S. Attorney’s Office for the Eastern District of New York."
Did they actually take possession of the keys? Or is this a "seizure" in name only?
CNBC
DOJ seizes $15 billion in bitcoin from massive 'pig butchering' scam based in Cambodia
An indictment says forced-labor compounds ran cryptocurrency investment fraud schemes that stole billions of dollars from victims in the U.S. and e...
Probably an exchange
Budget neutral ways
Fuck no the Bitcoin Reserve is based on confiscation.
When OPs say “No one can take your Bitcoin!”
I just shake my head.
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Will they give it back to the victims this time? Or is it okay to steal if somebody stole it first?
Holy crap, 127,000 BTC seized?! That’s insane—biggest seizure ever! Those Cambodia crypto scam compounds sound like something out of a dystopian movie. Forced labor to run crypto cons? That’s next-level evil. Props to the US gov for shutting it down, but damn, how many more of these are still operating under the radar? Wonder what they’ll do with all that Bitcoin—hope it goes to helping the victims somehow. This whole thing is a gut check for the crypto world. We gotta keep pushing to clean up the space so it’s not just a playground for scammers. Anyone know more about how they pulled off this bust? #CryptoScams #Justice
*government
Jameson Lopp, Peter Thiel (Cofounded Palantir Technologies (chairman) — a data‑analytics software company serving government and commercial clients.), Maven 11, Mirana, dao5, Erik Voorhees, Balaji Srinivasen, Nikil Viswanathan, Mert Mumtaz.
The fiat hate cucks who are trying to turn Bitcoin into Ethereum like shitcoin.
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Filters work. Jameson Lopp is an evil shitcoiner who is running a malware.
They have kept OP_RETURN clean and let data under 83 Bytes.
Core devs who lied us that filters do not work are compromised.
Especially the ones who used inscriptions as excuse which they themselves intentionally allowed.
Bitcoin Knots is keeping Bitcoin Freedom Money clean of spam, jpegs and csam.
opreturn stats for last month, you might be able to spot the previous default limit. What do you think October will look like?
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& that will become the ballast of Americas SBR
HODL
Should have use Monero 🤣🤣🤣
#SHUM
#HFSP
If he had used monero it would almost triple the marketcap.
Were these fools just keeping it all on an exchange?
They can capture wallets, not the spirit.
Everything they own is stolen
The DOJ stated that he had the keys on his person.
Do you believe that? that seems so weird
It may well be a clear cut crime, but bear in mind you are taking their word for it. They have straight up lied in many similar cases.
It's actually unclear upon closer inspection, just how they accessed his keys.
Have the DOJ sign a message from several of the addresses, I'll wait.
The message should be "We totally have his keys and aren't just seizing the man"
Wonder if he’s got more stashed somewhere.
But he's still at large...
He should have hodled
So the us DOJ will have to give all these coins to the scam victims again? 😅
Thats a lot of Coin
People already give their governments a free pass to murder and steal, no need for an excuse
Honestly I'm not gonna shed a tear for a crypto scammer pig butchering slaver losing their stack.
That said, the seized funds should go toward making victims whole. If they lost Bitcoin, it should be returned as Bitcoin. If they lost fiat or shitcoins, give them the fiat value back. If there's anything left over, THAT can go into the SBR.
The idea that seizing stolen property means the state now gets to keep it is a really fucked up idea. If my car is stolen and then recovered, do they now have a strategic used car reserve?
So that's how they build their #SBR in a budget neutral way. 😝
The government murders and steals every day, why would it give a fuck about the victims? It doesn't care about the crimes either, other than the perpetrators are not "in the club". In which case busting them scores loot and some good PR.
It's called a $15 wrench
Yes, but if the United States government is involved, it’s more like a $1,500 wrench.
I thought it was sex trafficking.. thanks for posting. Wouldn't it be interesting if the gov could pay off what debt we owe using Bitcoin.. Capital gains treatment of Bitcoin has to be revised..
Bitcoin fixes this
The only real crime that has been proven at this time is asset forfeiture by the feds.
Maybe he’s trying to escape
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I am not defending any kind of scammer but it seems the only way the US govt earn their Bitcoin is from seized scammer BTC’s.
I thought it was unseizable?
"Maybe you need a Monero" - some famous guy
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Stay humble, seize sats.
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I can only find one court document and in it, nothing has been seized. There is an order to seize it, but it's a self-custodial wallet and the main guy is still at-large. There is also an order to seize any other property owned by him, but no Bitcoin has actually been seized. I'm not sure why the reports are saying otherwise.
"Those funds (the Defendant Cryptocurrency) are presently in the custody of the U.S. government."
Okay, if it was forced labor scam. It all should go to victims and what is left should go to people who have been forced to work there. Not a single satoshi should go to US government
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nevent1qqsyq89md670xjhhsdg47qvkkr6cngn4lsy7rdq6quqzkg43d7algxq0jhelv
In legal terminology, custody in this context is the government's claim over the asset regardless of actual possession of the private keys. You can see in the court document that the Bitcoin is in "addresses known to the government" and the DOJ "requests that: warrants be issued..." and "due process issue to enforce the forfeiture of the Defendant Cryprocurrency".
There is no evidence that I can see (yet?) that the government has actual control of these funds.
US Strategic Bitcoin Reserve increases by 127K bitcoins.😜
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Yeah, 'custody' can be a bit ambiguous. Furthermore, if the government indeed had control of the keys, why not simply transfer the funds away from still plausible control by the defendant?
"61. If any of the above-described forfeitable property, as a result of any act or omission of the defendant:
(a) cannot be located upon the exercise of due diligence;
(b) has been transferred or sold to, or deposited with, a third party;
(c) has been placed beyond the jurisdiction of the court;
(d) has been substantially diminished in value; or
(e) has been commingled with other property which cannot be divided
without difficulty; it is the intent of the United States, pursuant to Title 21, United States Code, Section 853(p), as incorporated by Title 18, United States Code, Section 982(b )(I), to seek forfeiture of any other property of the defendant up to the value of the forfeitable property described in this forfeiture allegation."
https://www.justice.gov/usao-edny/media/1416286/dl
Exactly. If more people only understood how much they constantly trick us with legalese.