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U.K. Police Seize $250 Million Worth of Crypto

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Tue, 13/07/2021 - 6:23
U.K. Police Seize $250 Million Worth of Crypto
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British detectives have confiscated £180 million (roughly $250 million) worth of cryptocurrency, the Metropolitan Police announced Tuesday.   

This is the biggest seizure of its kind in the history of the U.K. and one of the biggest seizures around the globe. 

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The $250 million cryptocurrency haul is part of a long-lasting money-laundering investigation.

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Detective Constable Joe Ryan described the seizure as a “significant landmark” for investigators in a statement: 

Today’s seizure is another significant landmark in this investigation which will continue for months to come as we hone in on those at the centre of this suspected money laundering operation.

A 39-year-old woman involved in the money-laundering operation was interviewed about the recent confiscation after her arrest that took place on June 24. 

The U.K. police also seized $160 million worth of crypto in late June.

It's not clear which individual cryptocurrencies got confiscated. 

@u.today

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