British police seize record $250m in cryptocurrency

July 13, 2021


British police seize record $250m in cryptocurrency

The London Metropolitan Police Service reported another major seizure of digital currencies worth around £180 million ($250 million).

The operation was carried out by the Economic Crime Unit, based on information about the movement of criminal assets. The seizure was part of an ongoing investigation into an international money laundering scheme.

  • On June 24, the police detained and questioned the 39-year-old suspect in the case. She was later released on bail.

  • Law enforcers did not give other details of the operation.

  • Recall that the previous record for cryptocurrency confiscation amounting to £114m (about $158m) was set by the London police at the end of June.

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