A Mississippi trucker is reportedly fighting to get his life savings back after police seized it during a traffic stop. In September of 2020, Rae Young Chung was in his truck delivering auto parts to a business in Georgia when he was pulled over by a narcotics officer. According to court documents, Chung was pulled […]
The post Police Seize $225,000 From 70-Year-Old Man Despite No Crime Committed, Triggering Years-Long Lawsuit: Report appeared first on The Daily Hodl.
The top court in the US won’t hear Battle Born Investments’ case claiming it purchased rights to 69,370 Bitcoin seized by the US from the online black market Silk Road.
The United States Supreme Court declined to take on a case concerning the ownership of 69,370 Bitcoin — worth $4.38 billion — that the US government seized from the dark web marketplace Silk Road.
The request for review was brought by Battle Born Investments, a company that claimed it had purchased rights to the seized Bitcoin (BTC) through a bankruptcy estate.
The Supreme Court’s refusal to hear the case could clear the US government to sell the stack of Bitcoin.
Tether, the world’s largest stablecoin issuer, reportedly played a crucial role in a joint operation led by Dutch and U.S. law enforcement agencies to dismantle two cryptocurrency exchanges suspected of money laundering. The operation resulted in the seizure of €7 million ($7.8M) in crypto and the freezing of illicit wallets. Tether Works With Law Enforcement […]
The U.S. Department of Justice (DOJ) is announcing a plan to seize millions of dollars worth of crypto that was allegedly gained from the sales of illegal narcotics. In a new press release, the DOJ says it has filed a forfeiture action against $54 million in crypto assets that can be traced to an illegal […]
The post DOJ Announces Plan To Control $54,000,000 in Crypto Allegedly Obtained in Illegal Narcotics Scheme appeared first on The Daily Hodl.
According to a local report, South Korean prosecutors have been given the green light by the Criminal Division of the Seoul Southern District Court to seize assets owned by Do Kwon, the co-founder and former CEO of Terraform Labs. The report discloses that a total of 233.3 billion won ($176 million) worth of assets have […]
According to a report by South Korean news publication KBS, Do Kwon, the co-founder of Terraform Labs, has converted a “large part” of his assets into bitcoin. Prosecutors in South Korea believe that Kwon’s purported bitcoin stash was transferred to an international exchange. Report Says Do Kwon Allegedly Sold a ‘Large Part’ of His Assets […]