German Prosecutors Hire Local Bank to ‘Clean’ Seized Crypto Worth $113 Million
German prosecutors have hired a bank to “clean” cryptocurrency seized in criminal cases. “As the cryptocurrencies are related to crime, they are considered ‘contaminated coins’ and cannot be traded on mainstream exchanges,” the bank said. Bank Hired to Clean Cryptocurrency Seized in Criminal Cases The anti-cybercrime unit of the Frankfurt General Prosecutor in the German state of Hesse has reportedly hired Bankhaus Scheich Wertpapierspezialist AG to “clean” cryptocurrencies worth about 100 million euros ($113 million),....
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German authorities have been unable to gain access to more than 1,700 bitcoins belonging to a convicted hacker, who kept silent about how to access his crypto stash while serving his prison sentence. German prosecutors in the Bavarian town of Kempten said Friday that they have been unable to gain access to more than 1,700 bitcoins they said were seized from a hacker. The hacker, who was 29 years old at the time, was convicted in April 2014 of computer fraud, among other charges. He covertly installed software on other people’s computers to mine bitcoin, which he kept for himself.....
U.K. police have revealed how much cryptocurrency they have seized in the past five years in response to Freedom of Information requests. The London Metropolitan Police seized more bitcoins than other police boroughs.
UK Police Reveal Information About Seized Crypto
Twelve of the U.K.’s 43 police forces have seized cryptocurrency worth approximately £322 million ($435 million) in criminal investigations in the last five years, New Scientist reported Thursday, citing Freedom of Information (FOI) requests it submitted.
Bitcoin made up 99.9% of the....
Tax authorities in Greece have seized half a million bank accounts, containing 1.6 billion Euros, in the first half of 2016. In the first four months of the year alone, authorities seized 428,465 accounts, and the numbers included in May push that figure well over the half-million mark. This contrasts with last year, where 333,776 accounts were seized all year. Seizures of Greek accounts by tax authorities continue to rise by leaps and bounds year after year. In 2014, seizures averaged about 7,000 per month, while in 2016 they currently average over 100,000, more than a tenfold total....
German authorities are auctioning bitcoin seized from the darknet in cybercrime cases. The auction website reportedly experienced high traffic to bitcoin listings, with 4,000 new registered users over the past few days.
German Government Auctioning Seized Bitcoin
The Justice Ministry of North Rhine-Westphalia, Germany’s largest state by population, announced Monday an auction of bitcoin seized from criminal cases.
Justiz Auktion, the auction website for the ministry, experienced high traffic to the bitcoin listings Monday after the prosecutors began listing the....
German bank Comdirect, with about three million customers, is now offering 11 cryptocurrency exchange-traded products (ETPs). “Comdirect has succeeded in significantly bridging crypto investments to retirement plans, something that our clients have longed for a while,” the bank said. German Bank Offering Crypto ETPs to Clients German direct bank Comdirect AG is now offering 11 cryptocurrency exchange-traded products (ETPs) from 21shares AG. The bank provides online brokerage, banking, and advisory services in Germany. Announcing that its exclusive partnership with Comdirect was....