>Specifically, law enforcement located 50,491.06251844 Bitcoin of the approximately 53,500 Bitcoin Crime Proceeds (a) in an underground floor safe; and (b) on a single-board computer that was submerged under blankets in a popcorn tin stored in a bathroom closet.
It's interesting how the defendant tried to hide his bitcoin holdings in very low-tech ways.
The utility ease of holding bitcoin is apparent with this seizure. What other asset could you hide the equivalent of $1B USD in a floor safe and a popcorn tin and without having to use a 3rd party custodian?
It's interesting how the defendant tried to hide his bitcoin holdings in very low-tech ways.
The utility ease of holding bitcoin is apparent with this seizure. What other asset could you hide the equivalent of $1B USD in a floor safe and a popcorn tin and without having to use a 3rd party custodian?