Bitcoin News
By Pankaj K
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The $364 Million Bitcoin Claim. Michael Prime, convicted in 2019 on charges of counterfeiting, identity theft, and firearms…
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Court: “Even If the Bitcoin Existed — That’s a Big If”. The Eleventh Circuit judges issued a strongly worded opinion rejecting Prime’s arguments,…
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Destroyed Evidence and Legal Dead Ends. Court records reveal that Prime’s case began unraveling soon after his conviction.
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A Pattern of Contradictions. The judges also noted that Prime had repeatedly contradicted himself in sworn statements.
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Government Not Liable for Destroyed Device. The appeals panel found that federal agents acted within lawful boundaries, as the evidence in…
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Bitcoin’s Value Adds a Layer of Intrigue. At the time of the alleged destruction, Bitcoin was worth a fraction of today’s price.
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A Cautionary Tale for Crypto Holders. The decision serves as a reminder of the legal complexities surrounding digital asset ownership…
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One of the most unusual and high-value Bitcoin-related lawsuits in U.S. history has officially come to an end. The U.S.
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In a ruling issued on November 4, 2025, the appellate court affirmed a previous decision from the Middle District of Florida, which had already dismissed Prime’s complaint…
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Michael Prime, convicted in 2019 on charges of counterfeiting, identity theft, and firearms violations, filed the extraordinary claim, alleging that government agents had…
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According to Prime, during his criminal investigation, law enforcement authorities had seized an orange external hard drive as evidence.
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However, both the lower and appellate courts dismissed these claims as “speculative” and “unsubstantiated.”
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The Eleventh Circuit judges issued a strongly worded opinion rejecting Prime’s arguments, emphasizing his years of delay and contradictory statements about ownership of the…
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“Even if the Bitcoin existed — and that’s a big if — awarding Prime an equitable remedy here would be inequitable,” the court stated.
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The court found that Prime’s long silence after his conviction placed the government in an unfair position, as the evidence he claimed ownership of had already been lawfully…
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