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highoncraze t1_ivkodxt wrote

Reply to comment by Pope_Cerebus in TIL: That in 2019, some criminals were caught and 36 BTC was confiscated. The authorities valued the worth at €127,000 at the time and was sold 2 years later for €1.5 million. The criminals were returned €1.3 million due to the fact that the amount was expressed in Swedish Krona, not BTC by Wendals87

Your 2nd paragraph is correct, but the 1st paragraph doesn't explain it properly. The gold in your example didn't increase in value, and the authorities simply confiscated too much. In reality, the correct amount was confiscated, but the increase in value wasn't taken into consideration, because of how the value was expressed.

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Pope_Cerebus t1_ivkpgbt wrote

Except the gold could have increased in value that much - it's unlikely, but a combination of factors could have lead to a massive increase in value.

And while the BTC did go up, it could have just as easily went down. So if the value had gone to, say, 1/10 the people who lost 127k should have only been allowed to recover 12.7k instead?

Plus you're making the assumption that they even stole BTC from people directly. It's much more likely these were cash transfers from bank accounts or credit cards that the criminals routed through bitcoin exchanges.

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highoncraze t1_ivkpqfe wrote

This is all true, just wasn't expressed in the previous 1st paragraph.

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