esjay86 t1_ivlswg9 wrote on November 8, 2022 at 10:10 PM Reply to comment by Pope_Cerebus in TIL: That in 2019, some criminals were caught and 36 BTC was confiscated. The authorities valued the worth at €127,000 at the time and was sold 2 years later for €1.5 million. The criminals were returned €1.3 million due to the fact that the amount was expressed in Swedish Krona, not BTC by Wendals87 But isn't one of the basic ideas of forfeiture that you lose the thing seized in its entirety, lose any and all interest, including any future profits? I imagine that in most other places, once the authorities take it from you, it's gone. Permalink Parent 2
esjay86 t1_ivlswg9 wrote
Reply to comment by Pope_Cerebus in TIL: That in 2019, some criminals were caught and 36 BTC was confiscated. The authorities valued the worth at €127,000 at the time and was sold 2 years later for €1.5 million. The criminals were returned €1.3 million due to the fact that the amount was expressed in Swedish Krona, not BTC by Wendals87
But isn't one of the basic ideas of forfeiture that you lose the thing seized in its entirety, lose any and all interest, including any future profits? I imagine that in most other places, once the authorities take it from you, it's gone.