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ExtraTorrent.cc > Articles > FBI Owns Most Bitcoins

FBI Owns Most Bitcoins

FBI Owns Most Bitcoins

Added: Thursday, December 26th, 2013
Category: Recent Headlines Involving File Sharing > Current Events
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2013, www.extratorrent.cc
The FBI of the United States has become the owner of the largest Bitcoin wallet in the world. After the Untouchables shut down the Silk Road (Internet drug marketplace), the agency started seizing electronic currency which belonged to the Dread Pirate Roberts. The Federal Bureau Investigation revealed that Roberts, the person who ran Silk Road, was a US citizen named Ross Ulbricht.

2013-10-02T193905Z_1_CBRE9911ILB00_RTROPTP_2_USA.JPG

In the meantime, Silk Road continues its operations and someone on that black market claims to be the real Dread Pirate Roberts. The problem is that the site is deprived of its wallet and that seizure made the FBI the holder of the world’s biggest amount of Bitcoins.

Media reports confirm that the FBI control over 144,000 Bitcoins which reside at a Bitcoin address consolidating much of the seized Silk Road virtual money. At current rates it is equal to $100 million. One more address with Silk Road funds that was seized earlier by the bureau holds about 30,000 Bitcoins ($20 million).

Although the Untouchables won’t beat the record of Bitcoin’s inventor Satoshi Nakamoto, who is believed to have mined 1 million Bitcoins in their early days, the FBI still own a percent of all 12 million Bitcoins in circulation at the moment.


By:
SaM
December 26th,2013

Posted by: 
SaM

Date:  Thursday, December 26th, 2013



Comments (8) (please add your comment »)

1
posted by Kitty (2013-12-26 20:37:06)
hijiri2 avatarYES! with all that free dough,,they can afford to make The X-Files season 10 !!!

2
posted by (2013-12-26 23:27:23)
alchemy316 avatar@1 enough said

3
posted by (2013-12-27 04:01:03)
InkSlinger666 avatarI call bullshit...That site is NO LONGER in operation.." Silk Road continues its operations and someone on that black market claims to be the real Dread Pirate Roberts"...I completely disagree with and i would like to see what news org this came from..

4
posted by ET lovermen (2013-12-27 09:04:32)
brods73 avatar@3 there is a new silk road that came online a month later, but it says the captain is on holiday till the 28th,the Silk Road Forums are open though

5
posted by (2013-12-27 14:29:59)
MECH8204 avatarwell then we the people will never see any of that money we should abandon bit coins and they will be left with nothing that will piss them off,they didn't want it before cuz they didn't control it but now that they have some they probably have regulations already drawn up and ready to go(only for us tho they will continue as usual)

6
posted by ET junkieET loverSupermanmen (2013-12-27 19:29:05)
sn3h1t87 avataradded .. it means that US courts will have to determine for the first time whether the virtual currency is an asset that falls under the country’s forfeiture laws.

7
posted by (2013-12-29 03:44:28)
Mr_T_Cat avatar@6 Forgive me if I am wrong, since I am from the UK and no expert in US law. But I remember a court ruling on this only recently. Over a Ponzi scheme, were the defendant tried to claim his innocence by saying that since Bitcoins were not legal currency he could not be found guilty. The court in fact said they were legal and down he went.

8
posted by ET babySite FriendET junkieET loverGirlSun (2013-12-30 07:36:39)
cosmiclsd avatarthe FBI?..shame,shame n what else is new?..lost for words..REMEMBER PROHIBITION......



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