"Michael Prime sought to recover his belongings from police custody following his release from prison, including a bright orange external hard drive that he claimed held 3,443 Bitcoins. The Secret Service sent letters to Prime after his release, saying he could have some of his devices back, which would be wiped if he provided them with relevant passwords within 30 days. If not, they'd be wiped and destroyed in the stated timeframe."
"Three judges for the Eleventh Circuit Court of Appeals, who rejected his appeal this week, wrote in their opinion [ PDF] that Prime had responded to the letters requesting a pickup time, but three days before he was due to meet with the Secret Service, he filed his first lawsuit instead. This motion mentioned "boats and cars," but not Bitcoin, and after seeking private counsel,"
Michael Prime sought return of a bright orange external hard drive he claimed contained 3,443 Bitcoins valued at more than $345 million. The Secret Service notified him he could reclaim devices by providing passwords or the devices would be wiped and destroyed. Prime communicated but filed a lawsuit three days before a scheduled pickup and later asserted entitlement to the hard drive. A Florida district court found the property had been properly destroyed and denied his motion. The Eleventh Circuit affirmed that ruling. FBI searches and warrants failed to locate tokens, private keys, or recovery seeds.
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