Rabbit Hole Recap cover image

Rabbit Hole Recap #224: Largest Bitcoin Miner Potentially Bankrupt

Rabbit Hole Recap

00:00

Is Civil Asset Forfeiture a Thing?

The cost to prove that you weren't doing anything illegal, what your funds to get them back is in a lot of these cases more than what you would be getting back. So just disincentivizes people to even go through the legal process to get their assets back. And now they're bringing it to Bitcoin and crypto where it's taking millions of dollars. Maybe it is worth going to the legal trouble to get your funds back. But still, it'll be a significant cost that you'll have to incur. It's under the founding of this nation, it's supposed to be innocent until proven guilty. And with civil asset forfeiture, it's guilty until proven innocent.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app