British police seize $48 mln in Bitcoin from fraudsters

In Lancashire County (United Kingdom), law enforcement officers seized crypto assets worth 48 million dollars from a group of people accused of Bitcoin fraud. This was reported by the police press service.

The theft and laundering of digital assets began in 2017 when members of the group discovered a glitch in one of the Australian cryptocurrency exchanges. Over several months, the fraudsters withdrew more than 25 million dollars in Bitcoin from the platform and laundered the money through real estate purchases, luxury goods, and digital assets.

As a result of the investigation, the police confiscated 445 Bitcoins and more than 1.5 million dollars in bank accounts. The group members were sentenced to prison terms ranging from four to six years. The seized financial assets will be returned to the affected party.

Earlier, it was reported that Irkutsk energy providers filed 2,113 lawsuits against illegal miners who unlawfully used electricity for cryptocurrency mining.