$25,000 in Bitcoin Seized from Alleged Software Scam Operator

A cache of bitcoins and litecoins has been seized by federal law enforcement officials as part of an investigation into alleged counterfeit software sales and distribution.

Approximately 105 BTC and 900 LTC were cited in a civil forfeiture that included more than $7m, hundreds of gold and silver bars and coins, and a number of luxury items including sports cars, wedding rings and a diamond-encrusted Rolex.

The operation involved a number of companies based in Missouri, Nevada, Washington state and Maryland. The digital currency holdings were confiscated from Rex Yang, a Seattle-based business operator who allegedly sold $1.4m in stolen codes.