More than €25 million in cryptocurrencies seized in the Netherlands

Dutch authorities have confiscated cryptocurrencies worth more than €25 million as part of a series of investigations into laundering criminal proceeds. This is reported on the site of the local prosecutor’s office.

Dozens of suspects had funds seized in Bitcoin and Ethereum. Details of the investigations were not disclosed.

The prosecutor’s office stressed that criminals often convert cryptocurrencies into stablecoins such as USDT due to price volatility.

During the investigation, various cryptocurrency exchanges cooperated with law enforcement.

Last year, the Dutch prosecutor’s office seized €8.2 million in cryptocurrency, and a year earlier — €1.1 million.

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