The United Kingdom’s Metropolitan Police (Met) says it just set a new record for the largest seizure of crypto in the country’s history, breaking the previous record documented just weeks ago.
According to the Met, detectives seized roughly $250 million worth of unspecified cryptocurrency.
The seizure is the second in an ongoing investigation into an alleged money-laundering operation, which involves the arrest of a 39-year-old woman on June 24th. UK authorities say they have questioned the same individual in relation to the latest crypto asset seizure. Met’s personnel offers little detail on the investigation.
Says Detective Constable Joe Ryan,
“Less than a month ago, we successfully seized £114 million ($157.49 million) in cryptocurrency. Our investigation since then has been complex and wide-ranging. We have worked hard to trace this money and identify the criminality it may be linked to. Today’s seizure is another significant landmark in this investigation which will continue for months to come as we hone in on those at the center of this suspected money laundering operation.”
Deputy Assistant Commissioner Graham McNulty hints that they are still working on identifying all parties involved in the suspected money-laundering scheme.
“The detectives on this case have worked tirelessly and meticulously to trace millions of pounds worth of cryptocurrency suspected of being linked to criminality and now being laundered to hide the trail. Those linked to this money are clearly working hard to hide it. Our investigation will stop at nothing to disrupt the transfer and identify those involved.”
Check Price Action
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
