Economy 24 June 2013 Bitcoins seized by US government agency The DEA has seized $800 worth of Bitcoins in an unprecedented move. Print HTML Via @casiotone on Twitter, the US Drug Enforcement Administration – the government agency which is in charge of dealing with federal anti-narcotic policy – has seized just over 11 Bitcoins, worth $814.22, from a suspect in South Carolina. In a notification posted Monday morning, the agency reports: DISTRICT OF SOUTH CAROLINA 13-DEA-581051, 11.02 Bitcoins, Acct.#1ETDwGUC1QcjYuehFr3u1FD3MvDaUs7SFy, VL: $814.22 which was seized in Charleston, SC from Eric Daniel Hughes AKA Casey Jones on April 12, 2013 Due to the public nature of Bitcoin transactions, we can actually see the path of the 11.02 Bitcoins, which entered the account address the DEA gives on 12 April, and were then transferred out five days later. It's fairly easy to speculate that the transfer in would have prompted the DEA's swoop and "seizure", and that the five-day delay is the organisation trying to work out how to transfer the money back out. Regardless of the backstory, it's a remarkable example of how a decentralised, secure infrastructure only goes so far. It may be harder to link Bitcoins to their owners, harder to control their flow, and easier to hide them; but the currency isn't entirely above the law. › Five questions answered on the Vodafone/Kabel offer Alex Hern is a technology reporter for the Guardian. He was formerly staff writer at the New Statesman. You should follow Alex on Twitter. Subscribe More Related articles What's to be done about racial inequality? Ignore the spin - social housing is still under threat from the Conservatives Who benefits, and who loses out, from David Cameron’s housing plan?