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by kennywinker 642 days ago
Civil forfeiture also applies to crypto.
2 comments

You better have your $5 wrench available to get access though. It's not like they can just take the briefcase or duffel bag full of crypto away from you.
Yeah, but it wouldn't be getting seized at a FedEx distribution center if it weren't an envelope of cash.
Stable coins can be frozen. And even BTC can be traced to whatever centralized exchange it eventually ends up at.
If you actually read the article, they weren't doing anything illegal... that's why IJ is giving them legal representation. The government would have a harder time seizing stablecoins because they couldn't say "well a K9 indicated there was drug residue on the bills" or whatever.
First they have to identify the BTC.