UK Police Seize $250M Worth of Crypto

The haul comes only weeks after a then-record $158 million of crypto was confiscated by Greater London's police force.

Jul 13, 2021 at 8:07 a.m. UTC

Updated Sep 14, 2021 at 1:24 p.m. UTC

Police in the U.K. have seized a record £180 million (US$250 million) worth of cryptocurrency as part of a money-laundering probe, breaking a record set only weeks ago.

The crypto was discovered by detectives in the Economic Crime Command division of the Metropolitan Police, the law enforcement service for the Greater London area, a statement Tuesday said.
Detectives were responding to intelligence about the transfer of criminal assets.
The news comes only weeks after £114 million ($158 million) was confiscated by the Met on June 24, at the time the largest-ever seizure by U.K. police.
Police arrested a 39-year-old woman on June 24 on suspicion of money laundering offenses. She was subsequently released on bail.
The same woman was interviewed under caution in relation to the latest discovery, and has been on bail until late July.
Detective Constable Joe Ryan said the investigation will "continue for months to come."

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