A United States court has ordered Christopher Bania, who recently pleaded guilty to drug distribution, to give up almost 17 Bitcoin (BTC) — worth roughly $150,000 at press time.
Per the Oct. 19 order from a court in Wisconsin, Bania will need to forfeit “Approximately 16.91880054 Bitcoin seized from Bania’s ‘Local Bitcoins’ account.” Though worth roughly $153,100 as of publication, it is much less than the 124 BTC that the court is returning to the defendant, alongside various other cryptocurrencies and over $50,000 in cash seized from his residence upon arrest.