BREAKING: US Treasury Secretary says that $1 billion in crypto has been seized from Iran
Timeline
Post
Remote status
Context
9
Not really a good instrument then huh
I'm sure some crypto-bro can tell us about how a usb drive could have stopped this.
I have a feeling this falls in some category of "they made it up"...
> Buy $1B in buttcoin
> Write Iran on the flash drive containing the keys
> Put it your pocket
> Winning
> Write Iran on the flash drive containing the keys
> Put it your pocket
> Winning
Million versions of this. One that I could see them trying is:
1. We've stolen a billion dollars of crypto in the history of us stealing crypto - and we can convince ourselves that it's Iran-related
2. Therefore, we seized 1bn$ of Iranian assets
Word-games they use to not feel like they're lying - except no one believes them, so it's kind of dumb.
1. We've stolen a billion dollars of crypto in the history of us stealing crypto - and we can convince ourselves that it's Iran-related
2. Therefore, we seized 1bn$ of Iranian assets
Word-games they use to not feel like they're lying - except no one believes them, so it's kind of dumb.
Yup. The question is if they used in rem forfeiture and whether the owners will show up in federal claims to establish legal use.
IDK much about US law but I feel like they lean pretty heavily on the Fuck You Gonna Do About It rule...
In the US, the government often uses in rem relief to take assets allegedly used in illegal activity, meaning they literally bring action against the thing — U.S. v. $10,000 in cash
The proceedings are usually "civil" and often flip the burden to the owner to establish legal use / innocence.
The proceedings are usually "civil" and often flip the burden to the owner to establish legal use / innocence.
If you're not American, you can either beg your own government to write a letter, or else just move on.
Actions by a government against the citizens of another country are diplomatic matters by definition. The fact that the US invites everyone in the world to go stand in US court and argue with the US government is farcical.
Actions by a government against the citizens of another country are diplomatic matters by definition. The fact that the US invites everyone in the world to go stand in US court and argue with the US government is farcical.
Replies
0
No replies yet.