tldr; Lancashire Constabulary in northern England received a $665,000 windfall after seizing Bitcoin from thieves in a 2017 case. The stolen funds had been converted into Bitcoin, which increased in value by the time the wallets were frozen. After compensating the victim, the surplus was split between the police and the UK government. The police will use their share for crime-fighting initiatives like drones and community projects. The case highlights the unusual rise in value of seized criminal property.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
not420guilty on
The correct term is “theft”. They stole it.
lordchickenburger on
UK should just sell it and get it over with.
Paddy_Powers on
The title should be:
„UK Police Force Gets $665K Bitcoin Windfall From Seizures, wait, no $620k, wait no $705k, no, make that $590k“
lovebitcoin on
Does not the surplus belong to tge victim?
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tldr; Lancashire Constabulary in northern England received a $665,000 windfall after seizing Bitcoin from thieves in a 2017 case. The stolen funds had been converted into Bitcoin, which increased in value by the time the wallets were frozen. After compensating the victim, the surplus was split between the police and the UK government. The police will use their share for crime-fighting initiatives like drones and community projects. The case highlights the unusual rise in value of seized criminal property.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
The correct term is “theft”. They stole it.
UK should just sell it and get it over with.
The title should be:
„UK Police Force Gets $665K Bitcoin Windfall From Seizures, wait, no $620k, wait no $705k, no, make that $590k“
Does not the surplus belong to tge victim?