Metropolitan Police (Scotland Yard) on London have seized £180 million and arrested a 39-year old woman on suspicion of money laundering. The woman was also questioned extensively over where the bitcoins came from. Earlier police seized £114 million worth of cryptocurrency in a possible related case. She has released on bail but its not clear if she is going to be prosecuted,
Graham McNulty, the Met’s deputy assistant commissioner, said in a press release Tuesday that new technologies were helping criminal operations to evolve.
“While cash still remains king in the criminal word, as digital platforms develop we’re increasingly seeing organized criminals using cryptocurrency to launder their dirty money,” he said. The Met did not give any specific information on any illicit activities the cryptocurrency was linked to, other than money laundering.
It is also known that the websites operated by the REvile ransomware group have been shut down. It’s unknown if law enforcement was able to shut it down .
Worldwide there have been numerous cases of theft of bitcoin. Ransomware has been a problem too from criminal elements. Several exchanges have also been robbed and in other cases operators simply stole the assets.
Over the last month or so, the market for bitcoin has been drifting lower as the legal climate surrounding it is becoming increasingly obvious. Increasingly the value of bitcoin has been eroded and while trading is moved out of China, most other nations have not yet taken steps. More then half of the bitcoin mining machines are now shut down and it is unclear if they will be moved abroad or simply sold.
The interpol red notice for Faruk Fatih Özer has not resulted in an arrest suggesting Albania is not honoring the warrants.
Police is Malasia are destroying illegal mining machines. This will send a message to all the criminal mining operators. No video cards are destroyed, only AntMiners which are purpose made machines for bitcoin. These interventions have led to the arrest of six people, all charged with stealing electricity. The illegal activity resulted in a fine of $1,900 and a prison sentence of up to eight months.