19 Aug '13, 11pm

Feds seized $2.9M in Bitcoin funds from Mt. Gox, court docs show

The federal government sent a strong signal to Bitcoin traders earlier this year when Homeland Security seized an account belonging to Mt. Gox, the most popular exchange for people to buy and sell the crypto-currency. It was unclear at the time just how much currency the government confiscated. Now, a new filing in Baltimore federal court (embedded below) shows the feds seized $2,915,507.40 held in an account controlled by Dwolla, a third-party payment platform similar to PayPal. The funds belonged to Mutum Sigillum LLC, a US subsidiary of Tokyo-based Mt. Gox. It’s unclear what will become of the funds. Neither the US Attorney’s Office in Maryland nor Mt. Gox immediately returned a request for comment. The feds decided to seize the account because Mt. Gox owner Mark Karpeles had allegedly concealed the fact that he opened the account in order to run a money transfer busine...

Full article: http://gigaom.com/2013/08/19/feds-seized-2-9m-in-bitcoin-...

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Government seized $2.9m from bitcoin exchange Mt. Gox

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