Coinbase law enforcement case

[Hodor]

http://www.xbt.money/kyc-dilemma-us-secret-service-seizes-13k-from-coinbase-customer/

Unlike the author, I don't believe there's any "dilemna" for doing kyc at a gateway.  KYC should be at the point of entry and exit from value networks, or else baked into the protocol.   

 

[Apollo]

I can't wait for the court case, US V approximately $13000 worth of Bitcoin. 

[Hodor]

7 hours ago, Apollo said:

I can't wait for the court case, US V approximately $13000 worth of Bitcoin. 

I'm guessing the process of seizing the bitcoin cost / will cost in excess of $200K probably, in terms of specialty consultant fees.  It was done to send a message most likely.   Message:  We will take your bitcoins, too!