US government misses out on $600 million payday by fencing stolen Bitcoin too early


Source: CNBC

“The U.S. Department of Justice could have made at least ten times more than the $48 million it [stole] from the bitcoin holdings of dark web marketplace founder Ross William Ulbricht. The U.S. government [stole] 144,336 bitcoins … that were found on Ulbricht’s laptop, Joon H. Kim, the Acting United States Attorney for the Southern District of New York, announced Friday. … ‘These Bitcoins were ultimately sold by the United States Marshals Service pursuant to Court order for $48,238,116,’ Friday’s release said. … If the government had held onto the digital coins, their total worth would be more than $600 million at Tuesday’s price of around $4,300, according to CoinDesk.” [editor’s note: Thieves should neither brag about how much they made from stealing, nor complain about missing a score – TLK] (10/03/17)