Monday, August 19, 2013

Feds Seized $2.9 Million in Bitcoin Funds from Mt. Gox

A new filing in Baltimore federal court discloses the federal government seized $2,915,507.40 held in an account controlled by Dwolla, a third-party payment platform similar to PayPal, during a federal government seizure in May of the funds that belonged to Mutum Sigillum LLC, a U.S. subsidiary of Tokyo-based Mt. Gox, reports Gigaom. It’s unclear what will become of the funds.


5 comments:

  1. A perfect example of why bitcoins are better than "money in the bank". Bitcoins in your own possession are immune to confiscation.

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  2. Looks like the first page has been removed (its not rendering). Imagine that?

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  3. I think it's a safe bet to say, the feds have stolen them.

    ReplyDelete