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UK Detectives Break Crypto Seizure Record, Brace For More

By Linas Kmieliauskas
UK Detectives Break Crypto Seizure Record, Brace For More 101
Source: Adobe/Tereza

The London Metropolitan Police said it has seized almost GBP 180m (USD 249m) in an unspecified cryptocurrency during an ongoing investigation into international money laundering that "will continue for months to come."

"This is believed to be one of the largest seizures globally and tops the GBP 114m confiscation made by the Met on Thursday, 24 June," the Met Police said today.

According to the announcement, a 39-year-old woman was arrested on 24 June on suspicion of money laundering offenses. She was released on bail before she was interviewed under caution in relation to the discovery of the near GBP 180m worth of cryptocurrency on July 10 again. She has been bailed to a date in late July.

"Today’s seizure is another significant landmark in this investigation which will continue for months to come as we hone in on those at the center of this suspected money laundering operation," Detective Constable Joe Ryan was quoted as saying in the announcement.

Meanwhile, Deputy Assistant Commissioner Graham McNulty added that they now have "highly trained officers and specialist units working hard in this space to remain one step ahead of those using it for illicit gain."
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Learn more:
- Holding The World To Ransom: Top 5 Online Gangs
- Crypto Scammers Now Stalking Dating Apps Like Tinder for Prey

- Despite the Crackdown, Crypto Fraudsters Still Run Amok in China
- South Korean Crypto Exchange Execs Arrested Amid USD 2B Fraud Fears

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