US government nabbed $2.9m in May Bitcoin seizure
More information has come to light regarding the US government's recent seizure of funds from online accounts belonging to Mt. Gox, the world's largest Bitcoin exchange.
El Reg reported in May that the Department of Homeland Security had frozen an account with mobile payment processor Dwolla belonging to Mutum Sigillum LLC, a subsidiary of Tokyo, Japan–based Mt. Gox.
At the time, all that was known was that traders could no longer transfer funds between Bitcoin and US dollars using Dwolla as an intermediary, because all money transfers had been halted under what was described as a "seizure warrant." On Tuesday, a Baltimore federal court filing obtained by GigaOm revealed the full extent of that seizure: $2,915,507.40 (£1,859,735.11), in all. Based on the price and available volume of Bitcoins at the time, the seizure amounted to about 0.2 per cent of all of the Bitcoins in existence.
