Crypto Seizure – DIGIT INFO

Australian police’s ‘new powers’ lead to $142.6K crypto seizure

DIGIT — Thu, 31 Oct 2024 11:46:25 +0000

Victoria Police’s first crypto seizure underscores a new legal framework empowering officers to confiscate digital assets via search warrants.

Go to Source

UK National Crime Agency Seizes $33 Million in Cryptocurrency

DIGIT — Thu, 28 Jul 2022 11:30:12 +0000

The British National Crime Agency (NCA) has revealed that it has seized £26.894 million ($32.75 million) in cryptocurrency. “Criminals increasingly exploited financial technology and crypto assets” that could harm “the U.K.’s economy and institutions,” said the agency. NCA Seizes Crypto Worth $33 Million The British National Crime Agency (NCA) published its annual report 2021-22 this […]

Go to Source

IRS Expects to Seize Billions of Dollars in Cryptocurrency Next Year — More Than $3.5 Billion in Crypto Seized This Year

DIGIT — Mon, 22 Nov 2021 00:30:22 +0000

The Internal Revenue Service (IRS) has revealed that $3.5 billion in crypto was seized during the fiscal year 2021. This represents 93% of all funds seized by its criminal investigation unit during the same time period. The agency expects to seize billions of dollars more in cryptocurrency next year. IRS Says It Could Seize Even […]

Go to Source

US Government Has Seized Cryptocurrencies Worth $1.2 Billion So Far This Year

DIGIT — Thu, 05 Aug 2021 14:00:53 +0000

The U.S. government has seized cryptocurrencies worth $1.2 billion so far this year, according to an Internal Revenue Service director. This is a significant increase from $137 million in crypto seized the previous year. $1.2 Billion in Cryptocurrencies Seized Jarod Koopman, director of cybercrime at the Internal Revenue Service (IRS), shared some information on cryptocurrencies […]

Go to Source

Creator of Video Downloading Websites Sentenced to Prison in US — Over $1 Million in Cryptocurrency Seized

DIGIT — Sun, 11 Jul 2021 18:00:07 +0000

The U.S. has sentenced a creator of video streaming and downloading websites to prison for 12 months and one day. The feds also seized $3.9 million from him, including more than $1 million in cryptocurrency. Man Sentenced to Jail for Copyright Infringement and Tax Evasion, His Cryptocurrency Seized The U.S. Department of Justice (DOJ) announced […]

Go to Source

New Jersey County Liquidates Bitcoin Seized in 2018, Profiting Almost 300%

DIGIT — Fri, 30 Apr 2021 08:30:42 +0000

Individuals and companies are not the only ones who take advantage of the significant bitcoin prices surging across the board, despite recent pullbacks. In New Jersey, United States, a county yielded profits after liquidating seized cryptocurrencies during a drug investigation. Authorities Gained Control of the Cryptos in 2019 According to NBC New York, local authorities […]

Go to Source

Tax Authority Seizes Cryptocurrencies Worth $25 Million From Hundreds of Crypto Investors in South Korea

DIGIT — Sat, 24 Apr 2021 11:48:24 +0000

The tax department of the Seoul metropolitan government in South Korea has reportedly seized cryptocurrencies worth about $25 million from hundreds of crypto investors with delinquent taxes. The cryptocurrencies, including bitcoin, were seized from three exchanges. The tax authority is now going after hundreds more taxpayers who are delinquent on paying their taxes. Crypto Seizure […]

Go to Source

Onchain Researchers Suspect Chinese Government Sold Plustoken’s Billion-Dollar Bitcoin Hoard Last Year

DIGIT — Wed, 02 Dec 2020 16:49:43 +0000

A number of masterminds from the Plustoken scam were sentenced to 11 years in prison for defrauding cryptocurrency investors. Last week, on November 19, a court ruling had shown the Chinese government said that it seized over $4 billion in crypto assets from the Plustoken scam. Meanwhile, onchain sleuths believe the Chinese government may have […]

The post Onchain Researchers Suspect Chinese Government Sold Plustoken’s Billion-Dollar Bitcoin Hoard Last Year appeared first on Bitcoin News.

Go to Source