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graybeardhacker | 4 months ago

Not sure if you're joking about the victims getting their money back. In case you're not, they won't.

The DOJ adds seized crypto to the American crypto reserve. https://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-pr...

From the webpage: " The Executive Order begins to resolve the current disjointed handling of cryptocurrencies seized through forfeiture by, and scattered across, various Federal agencies. Currently, no clear policy exists for managing these assets, leading to a lack of accountability and inadequate exploration of options to centralize, secure, or maximize their value. Taking affirmative steps to centralize ownership, control, and management of these assets within the Federal government will ensure proper oversight, accurate tracking, and a cohesive approach to managing the government’s cryptocurrency holdings. This move harnesses the power of digital assets for national prosperity, rather than letting them languish in limbo. "

discuss

order

MagicMoonlight|4 months ago

Well how would you know who to return it to? It's crypto, the genius system which will totally replace money, which doesn't allow you to track simple things like transaction history and remedy fraud like this.

It's not like a cambodian pig butchering operation is going to keep detailed ledgers of who they scammed and for how much.

Reason077|4 months ago

> ”Well how would you know who to return it to? It's crypto, … which doesn't allow you to track simple things like transaction history”

That’s not actually correct. The blockchain contains a permanent, immutable, and public record of every transaction.

Obviously you also need a way to connect a given wallet ID (address) back to it’s owner, but if transactions originated from regulated platforms like Binance then they will have those records thanks to KYC/AML rules.

If the transaction originated from a private wallet, a fraud victim could simply submit proof of their wallet ID as part of their claim.

grafmax|4 months ago

It’s almost like one criminal organization stealing from another.