FBI Begins Process to Seize $1.2M in Bitcoin from GirlsDoPorn Boss
By: decrypt|2025/05/13 01:45:05
0
Share
FBI Begins Process to Seize $1.2M in Bitcoin from GirlsDoPorn Boss U.S. authorities ordered Pratt and his accomplices to forfeit their Bitcoin in July 2024. In brief FBI seized $51,533 in Bitcoin from Michael Pratt, arrested for sex trafficking related to his GirlsDoPorn website. Pratt deceptively recruited women for adult videos, promising privacy but publishing content online, generating $17 million in revenue. After becoming an FBI Most Wanted fugitive, Pratt was captured in Spain and located through the 2020 Ledger data breach. Decrypt’s Art, Fashion, and Entertainment Hub. The FBI has seized $51,533 in Bitcoin from a wallet belonging to Michael Pratt, a New Zealand pornographer who was arrested in 2022 on charges related to sex trafficking. U.S. authorities submitted a forfeiture order against Pratt and accomplices in July 2024, with the filing including a request to seize three Bitcoin wallets that contained a total of 8.13 BTC. This amounts to $840,000 at today’s Bitcoin price , and according to a forfeiture notice posted by the FBI today, the agency has successfully taken 0.61096499 BTC of the total. A New Zealand national, Pratt had emigrated to the U.S. in 2009 and is reported to have operated the GirlsDoPorn website between 2007 and 2019. In October 2019, he was charged in absentia with sex trafficking crimes in the Southern District of California. The FBI added Pratt to its Ten Most Wanted list in early 2022, and was offering $50,000 to anyone who could provide information that would lead to his arrest. He was eventually arrested by local authorities in Spain in December 2022. He was then charged with 19 crimes, including sex trafficking, production of child pornography and conspiracy to launder money. He was extradited to the United States in March 2024. It was at that time that public court filings revealed the full extent and nature of his alleged crimes. He and his co-defendants are accused of using deception and coercion to recruit hundreds of young women, including one minor, to perform in GirlsDoPorn content. Recruited throughout the U.S. and Canada, the victims replied to ads for modelling jobs for clothing, but were later told that the work involved filmed adult content. Pratt and his co-defendants offered the victims assurances that the videos would be made available only via DVD to private buyers in Australia, and that they wouldn't be posted online. The accused also told the women that filming—which took place mostly in San Diego —would be brief. But victims said shoots could take several hours, with some of the women being forced to perform acts for which they had not consented. And contrary to Pratt’s promises, he and his accomplices released clips of videos to popular adult websites, such as Pornhub, in order to drive traffic towards the full-length versions on GirlsDoPorn. The website is alleged to have earned over $17 million in revenue for Pratt via subscription fees, yet it was shut down in January 2020 after being ordered by a San Diego judge to pay $12.8 million in damages to 22 women. Pratt’s associates, including webmaster Matthew Isaac Wolfe and male performer Ruben Andre Garcia , have already pleaded guilty and been sentenced on charges related to their respective roles in the conspiracy. Pratt, however, has submitted a not guilty plea, and awaits the start of his trial in September. According to a Business Insider article , Pratt was ultimately located as a result of the 2020 Ledger hack , which revealed the personal details of over 200,000 of the French firm’s customers. This included Pratt, who had used his real name to have a Ledger wallet shipped to him at a hotel in Barcelona. Edited by Stacy Elliott . Daily Debrief Newsletter
You may also like

New gameplay for participating in initial offerings on cryptocurrency exchanges
In this competition for cutting-edge assets, what has always been truly scarce is not the technology, but the underlying equity itself.

Why Is Bitcoin Down Today? What the Hawkish FOMC Means for SpaceX, Gold and Nasdaq
Why is Bitcoin down today? A hawkish FOMC pressured crypto and gold, while SpaceX surged to a $2.5 trillion valuation and Nasdaq gained attention. Here's what happened and why traders are looking beyond Bitcoin.

OKX Star analyzes Binance's competitive advantages: when regulation levels the playing field, competition has just begun
OKX founder Star published a lengthy article, systematically analyzing Binance's competitive advantages over the years: regulatory arbitrage, speculative narrative cycles, social media control, and superficial compliance, stating that the essence of these advantages is not product capability, but ra...

Full version of the debut Q&A! Federal Reserve Chairman Waller: Sticking to the 2% inflation target, establishing five special working groups, individual did not submit the dot plot
Federal Reserve Chairman Waller's debut featured a significant slimming statement, the cancellation of forward guidance, refusal to submit the dot plot, and the establishment of five working groups, vowing to uphold the 2% inflation target, which triggered a sharp decline in U.S. stocks and a surge ...

From Disruptor to Shadow Market: The Crypto Market is Becoming a Colony of Traditional Finance
"Coin-stock linkage" has evolved from the early stage of macro correlation and one-way penetration of emotional funds to the current 3.0 stage, where on-chain perpetual contracts provide extended trading hours and emotional signal value for traditional assets 24/7, and participate in Pre-IPO pricing...

Dalio's important long article: How to position in the current market environment?
Do not confuse the excitement for new technologies with whether those tech stocks are attractive.

DeepSeek Financing Story
DeepSeek's financing insider information exposed: "Four-hour meeting" fully demonstrates Liang Wenfeng's determination for AGI, over a hundred institutions involved, Sequoia and Hillhouse rarely absent, not poaching talent is the hardest red line.

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets
Overview of Important Market Events on June 17

Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin
Overview of Important Market Events on June 16

Cursor, why did you get on Musk's spaceship?
SpaceX set a record with its IPO, spending a staggering $60 billion to acquire the popular AI programming unicorn Cursor just four days later. Musk is using the ultimate puzzle of "super computing power + top coding engine" to propel the market value skyrocketing, surpassing Amazon in one fell swoop...

In the name of charity, for the benefit of the family: How the Trump family turned charity into profit?
This set of "beautiful rhetoric and value return to one's own people" has not stopped at charitable foundations; it has now almost been transferred intact to American Bitcoin.

Will Gold Break $4,500 After Tonight's Fed Decision? What XAUT and PAXG Traders Need to Know
The Federal Reserve announces its June rate decision tonight. Could gold break $4,500 next? Explore the latest gold price prediction, key Fed scenarios, and what they mean for XAUT and PAXG traders.

SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?
The most important question in the cryptocurrency industry is not which chain is the fastest, but rather where top builders choose to build in the long term. Ethereum has just surpassed one million cumulative developers; what does this number mean?

Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record
Overview of Important Market Events on June 15

The foundation of SpaceX's trillion-dollar valuation: Who is dividing Musk's annual capital expenditure of tens of billions?
SpaceX Supply Chain Revealed: The Invisible Gold Mine Behind the Trillion-Dollar "Space Dream," from Nvidia's Computing Power Monopoly to China's Sole Supplier of Special Materials, these overlooked water-selling talents are the true wealth creation engine.

How to exit after asset tokenization?
Currently, three models have emerged, aimed at providing instant exit routes for tokenized real-world assets. Their differences lie in: who holds the funds required for exit, how efficiently the funds operate, and the extent to which this model can be scaled across different asset types.

The stablecoin positioning battle escalates: When compliance is just a ticket to entry, will USD1 become the biggest winner?
How does the GENIUS Act reshape the stablecoin landscape?

A16Z: The sun bears witness, SpaceX is worth 7.5 trillion
A deep analysis of Musk's ultimate grand vision: how SpaceX, xAI, and Tesla are deeply intertwined, using space AI data centers and Starships to gradually turn the sci-fi fantasies of Mars colonization and multi-planetary civilization into reality.
New gameplay for participating in initial offerings on cryptocurrency exchanges
In this competition for cutting-edge assets, what has always been truly scarce is not the technology, but the underlying equity itself.
Why Is Bitcoin Down Today? What the Hawkish FOMC Means for SpaceX, Gold and Nasdaq
Why is Bitcoin down today? A hawkish FOMC pressured crypto and gold, while SpaceX surged to a $2.5 trillion valuation and Nasdaq gained attention. Here's what happened and why traders are looking beyond Bitcoin.
OKX Star analyzes Binance's competitive advantages: when regulation levels the playing field, competition has just begun
OKX founder Star published a lengthy article, systematically analyzing Binance's competitive advantages over the years: regulatory arbitrage, speculative narrative cycles, social media control, and superficial compliance, stating that the essence of these advantages is not product capability, but ra...
Full version of the debut Q&A! Federal Reserve Chairman Waller: Sticking to the 2% inflation target, establishing five special working groups, individual did not submit the dot plot
Federal Reserve Chairman Waller's debut featured a significant slimming statement, the cancellation of forward guidance, refusal to submit the dot plot, and the establishment of five working groups, vowing to uphold the 2% inflation target, which triggered a sharp decline in U.S. stocks and a surge ...
From Disruptor to Shadow Market: The Crypto Market is Becoming a Colony of Traditional Finance
"Coin-stock linkage" has evolved from the early stage of macro correlation and one-way penetration of emotional funds to the current 3.0 stage, where on-chain perpetual contracts provide extended trading hours and emotional signal value for traditional assets 24/7, and participate in Pre-IPO pricing...
Dalio's important long article: How to position in the current market environment?
Do not confuse the excitement for new technologies with whether those tech stocks are attractive.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com

