$345 Million In Bitcoin Gone — But FBI Isn’t At Fault, Judges Say
$345 Million In Bitcoin Gone — But FBI Isn’t At Fault, Judges Say
The US Court of Appeals for the Eleventh Circuit has affirmed a district court's refusal to award a Florida defendant the value of approximately 3,443 Bitcoin, currently worth over $345 million. The defendant claimed the Bitcoin keys were on an external hard drive destroyed by the government. Judges invoked the equitable doctrine of laches, stating the defendant's claim was too late.
The US Court of Appeals for the Eleventh Circuit has affirmed a district court’s refusal to award a Florida defendant the value of roughly 3,443 bitcoin—now “worth over $345 million”—after the government destroyed an external hard drive he belatedly claimed held the keys, holding that the equitable doctrine of laches bars relief because he spent […]