A London judge ordered on Friday the confiscation of bitcoin and other digital c...
FILE PHOTO: A token of the virtual currency Bitcoin is seen placed on a monitor that displays binary digits in this illustration picture, December 8, 2017. REUTERS/Dado Ruvic/Illustration
At Southwark Crown Court, judge Joanna Korner ruled that the state could confiscate 922,978.14 pounds worth of cryptocurrencies from Grant West, 27. The Metropolitan Police said West used phishing emails in attacks on more than 100 companies worldwide, stealing tens of thousands of customers’ financial details before selling the data on dark web marketplaces. He later converted the profits to cryptocurrencies.
While other British police forces have previously seized from criminals bitcoin and other cryptocurrencies, the seizure was the first of its kind for the Metropolitan Police.
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