Is there precedent for this kind of situation? Cryptocurrency is unlike most assets which are either physical (can be seized) or held in a ledger managed by some legal entity (which can be ordered to transfer it freeze the asset).
A Bitcoin private key is neither of those things, essentially it's a valuable piece of information (intellectual property perhaps?), of which copies may exist.
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Is there precedent for this kind of situation? Cryptocurrency is unlike most assets which are either physical (can be seized) or held in a ledger managed by some legal entity (which can be ordered to transfer it freeze the asset).
A Bitcoin private key is neither of those things, essentially it's a valuable piece of information (intellectual property perhaps?), of which copies may exist.
Maybe an encrypted treasure map to a coffin with 60m gold/cash in it? The first who moves it, has it. Just like cryptocurrencies.