<story><title>Feds seized $311M in Bitcoin, then hacker stole it back</title><url>https://www.bloomberg.com/news/articles/2022-10-03/feds-seized-311m-in-bitcoin-btc-the-crypto-hacker-stole-it-back</url></story><parent_chain><item><author>throw101010</author><text>&amp;gt; The prosecutors accuse Harmon of a very unusual crime: remotely swiping Bitcoin...&lt;p&gt;As opposed to what, &amp;quot;locally&amp;quot; swiping Bitcoin?&lt;p&gt;&amp;gt; ... Bitcoin stored on a computer device the government had already seized in another case&lt;p&gt;Yeah that&amp;#x27;s your problem Mr. Prosecutor, you have no idea where bitcoins are &amp;quot;stored&amp;quot; or what the device you have seized is. Which leads me to think you are not qualified to &amp;quot;seize&amp;quot; this type of assets.&lt;p&gt;It&amp;#x27;s 2022, Bitcoin has been working practically non-stop since 2009, and governments and the medias have been claiming that only criminals&amp;#x2F;terrorists use Bitcoin for almost as long... you would think people in his position would know what private keys are and how to secure Bitcoin funds they pretend to &amp;quot;seize&amp;quot;.&lt;p&gt;It&amp;#x27;s simple, like all crypto newbies this prosecutor has just learned: Not your keys, not your coins.&lt;p&gt;This apllies if you have keys and you are not certain you are the only one to have them... anyone else with these keys can&amp;#x2F;will most likely claim them before you.</text></item></parent_chain><comment><author>jonas21</author><text>Uh, those are the reporter&amp;#x27;s words, not the prosecutor&amp;#x27;s.&lt;p&gt;If you read the indictment [1], the word &amp;quot;remotely&amp;quot; never appears, and it&amp;#x27;s pretty clear the prosecutors understand how Bitcoin works.&lt;p&gt;If anyone&amp;#x27;s clueless here, it&amp;#x27;s Gary Harmon, who showed up at his brother&amp;#x27;s court hearing, learned that the government had not yet secured the Bitcoin that it legally had a right to, then almost immediately moved that Bitcoin to other wallets, and... just figured nobody would notice?&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.scribd.com&amp;#x2F;document&amp;#x2F;521749057&amp;#x2F;USA-v-Gary-Harmon-Indictment&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.scribd.com&amp;#x2F;document&amp;#x2F;521749057&amp;#x2F;USA-v-Gary-Harmon-...&lt;/a&gt;</text></comment>
<story><title>Feds seized $311M in Bitcoin, then hacker stole it back</title><url>https://www.bloomberg.com/news/articles/2022-10-03/feds-seized-311m-in-bitcoin-btc-the-crypto-hacker-stole-it-back</url></story><parent_chain><item><author>throw101010</author><text>&amp;gt; The prosecutors accuse Harmon of a very unusual crime: remotely swiping Bitcoin...&lt;p&gt;As opposed to what, &amp;quot;locally&amp;quot; swiping Bitcoin?&lt;p&gt;&amp;gt; ... Bitcoin stored on a computer device the government had already seized in another case&lt;p&gt;Yeah that&amp;#x27;s your problem Mr. Prosecutor, you have no idea where bitcoins are &amp;quot;stored&amp;quot; or what the device you have seized is. Which leads me to think you are not qualified to &amp;quot;seize&amp;quot; this type of assets.&lt;p&gt;It&amp;#x27;s 2022, Bitcoin has been working practically non-stop since 2009, and governments and the medias have been claiming that only criminals&amp;#x2F;terrorists use Bitcoin for almost as long... you would think people in his position would know what private keys are and how to secure Bitcoin funds they pretend to &amp;quot;seize&amp;quot;.&lt;p&gt;It&amp;#x27;s simple, like all crypto newbies this prosecutor has just learned: Not your keys, not your coins.&lt;p&gt;This apllies if you have keys and you are not certain you are the only one to have them... anyone else with these keys can&amp;#x2F;will most likely claim them before you.</text></item></parent_chain><comment><author>FormerBandmate</author><text>&amp;gt;It&amp;#x27;s simple, like all crypto newbies this prosecutor has just learned: Not your keys, not your coins.&lt;p&gt;The US government can throw your ass in prison for the rest of your life so yes, it is their coins. This is the basis of all government power and in a lot of cases, like this, it&amp;#x27;s good</text></comment>