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.


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

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

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