Advertisement
AD

Main navigation

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

Advertisement
Tue, 13/07/2021 - 6:23
A
A
A
U.K. Police Seize $250 Million Worth of Crypto
Cover image via stock.adobe.com
Read U.TODAY on
Google News

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. 

Advertisement

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

Related
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.

Advertisement

It's not clear which individual cryptocurrencies got confiscated. 

@u.today

The Metropolitan Police have seized $250 million worth of ##crypto ##cryptonews ##UK ##cryptocurrency ##BTC ##moneylaundry

♬ original sound - U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailboxSubscribe
TopCryptoNewsinYourMailboxSubscribe
Advertisement
Advertisement
Subscribe to daily newsletter

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD