Canadian Police Accused of Illegally Withholding $2.5 Million Worth of Bitcoin From Owner
- The assets in question are estimated to be around 226.44 BTC (which is approximately $2.5 million).
- The claimant feels that the Vancouver Police Department unjustly seized his crypto holdings without offering any substantial reason for the same.
For example, Ross Ulbricht — who is considered to be the creator of Silk Road — is currently in jail even though many people from within the crypto community believe that he is not to be blamed for creating a platform that “other people” then used to facilitate their illegal, shady deals
With that being said, it has just come to light that a drug trafficker who identifies himself as “D.A.L.” recently accused the Vancouver Police Department of misappropriating his digital assets. To be a bit more specific, D.A.L. — who has previously served a jail sentence for illegally sourcing and supplying marijuana to his clients — recently requested local court authorities that the VPD should not be allowed to gain access to his laptop (which allegedly contains millions of dollars worth of BTC) since his digital assets are in no way linked to any of his previous criminal activities.
However, local police officials seem to be of a different opinion and believe that D.A.L procured all of his BTC savings by selling illicit goods on Silk Road (as a result of which, they have now decided to seize all of his tokens.)
In relation to this entire episode, D.A.L was quoted as saying:
“The police committed fraud by deliberately failing to advise the justice of all the pertinent facts. The police deliberately and fraudulently misled, not only the justice who approved their application, but also counsel.”
It is believed that if the Vancouver Police Department’s various claims regarding D.A.L turn out to be false, he may, in fact, be allowed to get back his Bitcoin savings.
The issue at hand is quite interesting because if the court rules in favor of the claimant, this could very well set a unique precedent for other similar cases of this nature that are still being heard in court.