The British police seized Bitcoin in 2017, and now it has appreciated to profit $665,000
TechFlame
2025-08-05 11:29
TechFlame2025-08-05 11:29
English
According to TechFlame, according to Decrypt, the British Lancashire Police seized bitcoins converted by criminals in 2017 and obtained a surplus of 1.3 million dollars after liquidation due to a sharp rise in the price of bitcoin. According to English law, victims can only receive compensation of the original amount. The police disbursed 665,000 US dollars (500,000 pounds) of this to the anti-crime fund to buy drones, anti-fraud equipment, etc. The remainder was handed over to the Government. Police said that while the move provided full compensation to victims, additional funds would be used to prevent crime. The offenders involved have been convicted.