The US Drug Enforcement Administration has posted an official notice stating that it seized bitcoins from an individual for purchasing a controlled substance. According to Let's Talk Bitcoin, this may, in fact, be the first time a law enforcement agency has seized bitcoins.
The DEA notice shows that, among many other people, a Mr. Eric Daniel Hughes (AKA Casey Jones) had 11.02BTC, with a value of $814.22 USD, on April 12th, earlier this year. The digital money was taken in forfeiture as the individual was in violation of the Controlled Substances Act (21 U.S.C. §§ 801 et seq.), in the district of South Carolina.
The notice is a general release, detailing all of the forfeitures by US citizens in violation of the Controlled Substances Act, of which Mr Hughes is one of many. As such, there are no details in the notice as to how the bitcoins were actually seized.
However, Let's Talk Bitcoin say:
The bitcoin address referenced in the notice, 1ETDwGUC1QcjYuehFr3u1FD3MvDaUs7SFy, can be seen on the blockchain receiving 11.02 BTC on April 12th 2013, which matches the DEA notice.
Read more about
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.