US Gov Steals $3 Billion Bitcoin From Thief

𝐋𝐄𝐀𝐑𝐍 𝐓𝐎 𝐁𝐔𝐘 𝐀𝐍𝐎𝐍𝐘𝐌𝐎𝐔𝐒 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐀𝐍𝐃 𝐂𝐎𝐈𝐍𝐉𝐎𝐈𝐍:
https://www.trader.university/courses...
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In this video, I discuss the US government's seizure of more than 50,000 Bitcoin from someone who himself stole that Bitcoin from the Silk Road dark web marketplace in 2012.

Bitcoin cannot be hacked or seized by anyone, including the US government, unless you give them your private keys. Law enforcement were unable to access James Zhong's Bitcoin until he cooperated with them, after having been put in jail.

Governments can single out individual Bitcoiners, but it's not practical for them to put 10's of millions of Bitcoiners into jail.

Tracking IP addresses, on-chain activity, and linking them to KYC crypto accounts is one way that the government can track both you and your Bitcoin.

A funny side-note: the US Gov just admitted in this report that Bitcoin is money:

"This case shows that we won’t stop following the money, no matter how expertly hidden, even to a circuit board in the bottom of a popcorn tin."

Not investment advice! Consult a financial advisor.

U.S. Attorney Announces Historic $3.36 Billion Cryptocurrency Seizure And Conviction In Connection With Silk Road Dark Web Fraud:
https://www.justice.gov/usao-sdny/pr/...

Free Ross Ulbricht petition:
https://freeross.org/

Detailed version of the charges:
https://www.justice.gov/usao-sdny/pre...

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#crypto
#silkroad

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