A U.S. appeals court ruled the FBI isn’t liable for wiping a drive allegedly holding 3,443 BTC, as convicted identity thief Michael Prime never declared ownership. Judges said his late claim “lacked credibility."

A U.S. appeals court ruled the FBI isn’t liable for wiping a drive allegedly holding 3,443 BTC, as convicted identity thief Michael Prime never declared ownership. Judges said his late claim “lacked credibility."
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"“For years, Prime denied that he had much bitcoin at all. And bitcoin was not on the list when he sought to recover missing assets after his release from prison,” the judges wrote. “Only later did Prime claim to be a bitcoin tycoon.” They agreed with a lower court that Prime’s delay in claiming a right to the Bitcoin was unreasonable and bars his suit, adding that “even if the bitcoin existed—and that’s a big if—awarding Prime an equitable remedy here would be inequitable.”"

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