Ulbricht Admits Seized Bitcoins Are His and Wants Them Back

An anonymous reader writes with the latest news about the aftermath of the Silk Road shutdown "From the article: 'Ulbricht ... said in a notarised December 11 statement that he believes the virtual currency should be returned to him because Bitcoins are "not subject to seizure" by federal law. Ulbricht, 29, now admits the Bitcoin fortune is his — even though he's previously denied any wrongdoing regarding Silk Road and claimed through his lawyer that the feds arrested the wrong guy.' So not only has he now confirmed his link to the site, and confirmed the money is his, but also means that a few precedents will be set. Is it seizable? Is it just 'copying data?'" Relatedly, three alleged moderators of Silk Road were indicted on Friday.

Comments

The master owns everything, including your *LIFE*

[Taco Cowboy]

... he believes the virtual currency should be returned to him because Bitcoins are "not subject to seizure" by federal law.

See the bolded part ?

That Ulbricht still doesn't get it, does him ?

The master, aka the government, obeys NO law.

If they can ignore the highest law of the land, the Constitution just like that, what makes you think that they will follow mere "federal laws" ?

And they not only can seize your bitcoin, they can also take away your *LIFE*, if they want to.

Before you guys telling me that the government doesn't have the right to kill you, please look back to the incident that took place in Waco, Texas, USA, back in 1993.

They burn children to death.

Yes, *CHILDREN* and till today, 20 years later, *NOBODY WAS PUNISHED* for the death of those children, all of whom happened to be American Citizens.