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UK police seize $1.4M in bitcoin tied to darknet markets

The seized amount was traced to bitcoin held by a suspect who died before the assets were forfeited.

Reported · Written up by our desk · Regulation

UK police have seized $1.4 million worth of bitcoin, according to Decrypt, after tracing the cryptocurrency to darknet marketplaces.

The seized bitcoin totals 20.21 BTC and was linked to marketplaces that operated between 2016 and 2019.

Decrypt also reported that the person who held the bitcoin died before it was forfeited, and the assets were later recovered through the enforcement action.

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