Largest Crypto Seizure In Australia: Police Seize $6M Worth Of Digital Currency
The percentage of illegal crypto transactions, according to this Chainalysis report, is about 2% of total transactions. Although the majority of cryptocurrency transactions is not illegal, it is increasingly being used for criminal activities. As part of a dark web operation, Australian police have conducted a massive cryptocurrency seizure. The total value seized was about $6 million (AUD 8.5 million). According to the authorities, this is the largest crypto seizure made in Australia in history. Crypto Seizure And The Dark Web Victoria police reported that the seizure was part of an....
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British police have seized bitcoin worth almost $3 million from a teenager who set up a fake website to scam consumers. “At the time they were worth £200,000. They are now worth a little over £2 million.”
UK Police Seize $2.8 Million in Bitcoin
British police have arrested a 17-year-old boy from South Lincolnshire and seized bitcoin worth almost $3 million from him, BBC News reported Tuesday. The authorities cannot name the boy for legal reasons.
Prosecutor Sam Skinner said the teen set up a fake website that was almost identical to the....
British detectives have seized $22.25 million from operators of an international cryptocurrency scam. Among the items seized was a USB stick containing ethereum worth $9.5 million. The police are now attempting to contact the victims of this scam to return their funds. UK Police Seize Crypto in USB Stick The U.K.’s Greater Manchester Police announced Wednesday that its Economic Crime Unit has seized a USB stick containing “huge amounts of ethereum, the second largest crypto currency after bitcoin.” The USB stick was discovered after the police arrested a 23-year-old male....
Ethereum is the second-largest cryptocurrency after Bitcoin. Although the majority of crypto transactions are legitimate, many are also fraudulent. Criminals take advantage of the anonymous and international nature of digital currencies. These crimes often include Money Laundering, Terrorism, Tax Fraud, and Drug Trafficking. Security continues to remain a heavily debated topic in the crypto space. Recently, security agencies of the world have had to increase their efforts in tracking down cryptocurrency scams. The UK has not been left out of this as British agencies have been clamping down....
The Ecuadorian Police and the prosecution of Ecuador have raided several locations linked to Fortunario Digital Assets, a company that was allegedly making illegal collections of money related to forex and cryptocurrency business. The operation also encompassed the seizure of more than $7 million from the accounts of the Ecuadorian company.
Ecuadorian Police Raid Fortunario Digital Assets
The Ecuadorian police and the prosecution were the main actors in an operation against a company that was allegedly making illegal collections of money. On April 2, these two organizations....
Chinese police have seized more than $4.2 billion worth of crypto assets in its clampdown against the Plustoken Ponzi scheme. According to a court ruling made public on Nov. 26, and shared by The Block, law enforcement confiscated a total of 194,775 bitcoin (BTC), 833,083 ether (ETH), 1.4 million litecoin (LTC), and 27.6 million EOS. They also took 74,167 DASH, 487 million ripple (XRP), 6 billion DOGE, 79,581 bitcoin cash (BCH), and 213,724 tether (USDT). The assets were seized from seven persons convicted during the police crackdown, says the court judgment. Altogether, the....