12 U.K. police forces have reportedly seized cryptocurrency worth approximately $435 million in criminal investigations in the last five years. bitcoin crypto
UK Police Reveal Information About Seized Crypto
Twelve of the U.K.’s 43 police forces have seized cryptocurrency worth approximately £322 million in criminal investigations in the last five years, New Scientist reported Thursday, citing Freedom of Information requests it submitted. Bitcoin made up 99.9% of the cryptocurrencies seized in the U.K. However, Law enforcement also seized ethereum, monero, dash, and zcash, the publication conveyed.
The police force that seized the most cryptocurrencies was the London Metropolitan Police, which seized £294 million in . The Greater Manchester Police seized £25 million. Some police boroughs did not respond to the requests.in November last year that $3.5 billion in crypto was seized during the fiscal year 2021. This represents 93% of all funds seized by the tax agency’s criminal investigation unit during the same time period. The agency expects to seize billions of dollars more in cryptocurrency this year.
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