UK Police Seize $1.4M in Bitcoin Linked to Darknet Markets
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Avon and Somerset Police said on August 27 that their Financial Investigation Unit confiscated cryptocurrencies and cash for a value of £1.032.487.86 under the Process of Crime Act. The confiscated assets included 20.21 Bitcoin, other crypto holdings and bank funds, becoming the largest crypto seizure of the force since the seizure of ... Read more
UK Police Seize £1M in Crypto Assets Tied to Darknet Markets
Avon and Somerset Police said August 27 that its Financial Investigation Unit seized cryptocurrency and cash worth £1,032,487.86 under the Proceeds of Crime Act. The forfeited assets included 20.21 Bitcoin , other crypto holdings and bank funds, making the force’s largest crypto seizure since...
UK Police Seize $1.4M in Bitcoin Linked to Darknet Markets
UK police have seized roughly $1. 4 million in Bitcoin traced to now-shuttered darknet marketplaces, a confiscation that underscores how blockchain forensics increasingly lets law enforcement follow illicit crypto flows back to their source and pull them out of circulation.Read more...
Avon and Somerset Police seize £1m in crypto from dead launderer
The Avon and Somerset Police in the UK disclosed that it had completed a forfeiture that clawed back more than £1 million in cash, Bitcoin and other digital assets from a dead, convicted money launderer. The single largest crypto seizure on record, per the Financial Investigation Unit in its August 27 statement, lands amid a UK-wide push to tackle criminal elements exploiting blockchain technology to conceal and move digital wealth through shad…
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