Scottish Police Wrongly Seizes Bitcoins
A bitcoin trader has been complaining about how he had thousands of pounds of cash seized under legislation that is usually used to target drug dealers. Back in May, Max Flores a 27-year-old Bitcoin trader from Glasgow saw his Bank account frozen. He was then informed the account was being closed and was scheduled to come and collect his funds. Max went on to retrieve his funds and to understand what was happening but when he got there, he was stopped by the Scottish police who told him it was seizing his cash under proceedings of crime legislation. Max Flores commented: "The bank only....
Related News
Indian police have seized $1.2 million in bitcoin from a hacker who allegedly hacked a government website, online game portals, and cryptocurrency exchanges. He was previously arrested for stealing $1.5 million from an Indian state government. Indian Police Seize Bitcoins From Hacker The Bengaluru Central Crime Branch (CCB) Police have revealed that bitcoins worth Rs 9 crore ($1.23 million) have been seized from a 25-year-old hacker, local media reported Friday. The hacker known as Shri Krishna is a software engineer and resident of Jayanagar in south Bengaluru. He was arrested on Nov. 18....
Vernon Hills, Illinois, a Chicago suburb, will sell $10,000 worth of bitcoins that police seized from criminals, according to The Chicago Tribune. The bitcoins were seized during joint police investigations with federal authorities. Village trustees authorized Nikki Larson, the village finance director, to begin the process of selling the bitcoins. Police did not reveal details of the investigation. Bitcoins Swapped For Dollars. Since the village does not have use for the bitcoins, Larson recommended that the village accept its share of the confiscated bitcoins and convert them into U.S.....
I have, like many others, written extensively about the Mt Gox debacle and the missing bitcoins. Too many questions lie unanswered and seem to be most likely to remain unanswered. Jonathan Keane, writing today on VPN Creative has stated that: Tokyo Metropolitan Police have finally launched an official investigation into the collapse of Mt Gox and the question of the missing bitcoins, abet, several months after the event. Mark Karpeles, the CEO of Mt. Gox, has claimed that a series of alleged hacking attacks led to the Bitcoin exchange, once the World's biggest, losing an alleged 850,000....
Dr. Craig Dalzell recently authored a discussion paper titled ‘Scottish currency options post Brexit’. This paper was written for a Scottish Think Tank called Common Weal. In the paper Dr. Dalzell discusses the ramifications of a possible Scottish currency after Brexit. There have been calls for another Scottish referendum seeking independence from the United Kingdom, after the UK in its own referendum voted to leave the European Union. Just after the results of the Brexit referendum were made known, Scotland’s First Minister Nicola Sturgeon announced her intention of holding a second....
The Tokyo Metropolitan Police Department is reportedly actively investigating the disappearance of a large volume of bitcoins from the Mt. Gox exchange, which collapse disastrously earlier this year. "We decided to launch an investigation as we concluded this case could be connected to criminal activity," a spokesperson for the Tokyo Police said on the matter, according to the Wall Street Journal. When the exchange collapsed, Mt. Gox noted in bankruptcy protection filings that they estimated to have lost upwards of 800,000 bitcoins, worth hundreds of millions of dollars. Several weeks....