Sort:  

How is the police sure the Bitcoins belong to the man? How were they able to stop anyone from using them? As much as I'm happy for your deal I am very curious about this whole story.

There's a link above to the story. I have heard of a few instances now of police auctioning off BTC from the proceeds of crime. I don't know that they'd be going that cheap though as just last month Koreans were paying 200$ - 500$ dollars above the price paid in the west on the Korean exchanges, so the normal price would be a nice discount for them. I saw a guy making 20000$ /day on the abitrage.

That's a crazy level of arbitrage. Good for him if that's the case.

And I don't see the point of doing all suggestions just to purchase at discounted price bitcoin.
With all the hassle, it's better to simply buy in exchange.

Follow me @yehey