Express
British Police Seize Bitcoin in 2017, Now Worth $665,000 in Profit
Summary: According to Decrypt, British Lancashire police seized Bitcoin converted by criminals in 2017, which has now surged in value, resulting in a surplus of $1.3 million after liquidation. Under UK law, victims can only receive the original amount as compensation, with the police allocating $665,000 (500,000 pounds) to the crime-fighting fund for purchasing drones, anti-fraud ...
According to Decrypt, British Lancashire police seized Bitcoin converted by criminals in 2017, which has now surged in value, resulting in a surplus of $1.3 million after liquidation. Under UK law, victims can only receive the original amount as compensation, with the police allocating $665,000 (500,000 pounds) to the crime-fighting fund for purchasing drones, anti-fraud equipment, etc. The remaining amount will be handed over to the government. The police stated that this action ensures full compensation for the victims while using additional funds for crime prevention. The convicted criminals have been sentenced.
