A US appeals court docket has rejected a lawsuit introduced by Michael Prime, a person convicted of id theft.
Prime claimed that the FBI wrongly erased his exhausting drive that contained over 3,400 Bitcoin
$101,079.22
. After his launch from jail in July 2022, he requested the return of the drive.
In keeping with the court docket, Prime had repeatedly downplayed his cryptocurrency holdings throughout authorized proceedings. The judges famous that Prime had claimed he owned little to no Bitcoin.
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The court docket discovered that Prime’s delay in asserting possession over the Bitcoin was a key motive for rejecting his case. The judges additionally questioned whether or not Bitcoin ever existed. They said that even when it did, giving Prime what he requested for wouldn’t be honest.
Information present that earlier than pleading responsible to a number of prices in November 2019, Prime advised officers he had about 3,500 Bitcoin. Nonetheless, after his plea deal, he modified his assertion and mentioned he solely had a small quantity.
In a February 2020 disclosure, he reported proudly owning between $200 and $1,500 price of Bitcoin and advised his probation officer it was his solely asset.
Later, Prime claimed he was referring to the worth of a single Bitcoin on the time. The court docket argued that the cryptocurrency’s worth was a lot greater than what he claimed.
Trent Merrin, a former skilled rugby league participant from Australia, was just lately charged with a reported theft of cryptocurrency valued at round $91,000. How did the case unfold? Learn the total story.
