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

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Tue, 07/13/2021 - 06:23
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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. 

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: