The US government seizes cryptocurrencies
The US government seizes cryptocurrencies

The US government seizes cryptocurrencies

By Alfredo de Candia - 15 May 2019

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The US government has seized millions in cash and cryptocurrenciees in a case of copyright infringement and money laundering on several illegal video streaming sites.

The whole story dates back to 2013 when PayPal reported the financial activity of several subscriptions to streaming services at HSI (Homeland Security Investigations). The HSI then proceeded to inform the MPAA (Motion Picture Association of America) which in turn conducted an investigation and then accused some websites of copyright infringement.

The following year, the culprit, a certain Talon White, moved the money to other websites, but it wasn’t enough: the US government managed to trace White’s IP address. Subsequently, the investigation resulted in having enough evidence to frame him on revenues from those illegal websites, amounting to millions of dollars a year.

With all the evidence gathered against him, last November the judges of the district of Oregon had blocked, as a precautionary measure, all the accounts and assets of the culprit, as follows:

  • $2,457,790.72 from JPMorgan Chase Bank account #1
  • $1,266,650.00 from JPMorgan Chase Bank account #2
  • $1,383.68 from JPMorgan Chase Bank account #3
  • $200,653.71 from JPMorgan Chase Bank account #4
  • $32,921.00 in dollars (cash)
  • $1,940.77 in dollars (Stripe account)
  • 31,53810677 in BTC (Coinbase account)
  • 1.022,39066800 in ETHs (Coinbase account)
  • 5.74017141 in BCH (Coinbase account)

Finally, it was confirmed last week that funds of around $4 million were frozen until further notice.

Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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