Confiscation | ForkLog

ForkLog 14 03.11.2021

UK court orders confiscation of more than £490,000 in Bitcoin from former Silk Road administrator

A court in the United Kingdom ordered the confiscation from the former administrator of the darknet marketplace Silk Road of £493,550 (about $673,000 at the time of writing) in Bitcoin.

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ForkLog 8 21.09.2021

Abkhazia proposes seizing transformers to curb mining

Ongoing raids in Abkhazia to confiscate mining equipment do not solve the problem of illegal mining.

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ForkLog 8 20.08.2021

Australian police seize country’s largest-ever cryptocurrency haul

Victoria Police, as part of an investigation into drug trafficking via the dark web, seized a record amount of cryptocurrency for the country. The Canberra Times reports.

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ForkLog 9 12.08.2021

British police to return $22.2 million of cryptocurrency stolen in a scam

British authorities identified the perpetrators behind a fraudulent cryptocurrency trading and custody service who misappropriated users' funds. This was reported on the Greater Manchester Police site.

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ForkLog 5 26.07.2021

South Korea to Tighten Rules on Cryptocurrency Confiscation

South Korean lawmakers proposed confiscating cryptocurrencies from digital wallets of tax dodgers. Reuters, citing the Ministry of Finance.

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ForkLog 9 07.07.2021

Russia to draft amendments on possible confiscation of cryptocurrencies

The Russian Prosecutor-General, Igor Krasnov, called 'criminal use of cryptocurrencies in the country' a serious challenge and said that amendments to confiscate digital assets that have become sources of income from crime are being prepared.

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ForkLog 15 25.06.2021

London police seize a record £114m in cryptocurrency

London’s Metropolitan Police, as part of a money-laundering investigation, seized £114m (about $158m) in cryptocurrency. It was the largest amount ever confiscated in digital assets in the country’s history, the police said in a statement.

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ForkLog 29 13.05.2021

IRS seizes crypto assets to settle tax debts

The U.S. government treats digital assets as property that can be seized to pay tax debts. This was stated by Robert Uering, deputy assistant general counsel of the IRS, Bloomberg Law reports.

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ForkLog 6 26.04.2021

Dutch authorities seized €8.2 million in cryptocurrency in 2020

The Dutch Public Prosecutor's Office in the past year increased the volume of confiscations of illegally obtained proceeds from €258.1 million to €303 million ($367 million).

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ForkLog 7 05.11.2020

U.S. authorities seize $24 million in cryptocurrency from alleged organiser of Brazil-based fraud scheme

The U.S. Department of Justice has seized $24 million in cryptocurrency from an alleged organiser of a fraud scheme in Brazil. This is stated in the department's press release.

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ForkLog 4 28.09.2020

Ukraine’s fight against cybercrime: how authorities want to monitor traffic and seize crypto assets

In September the Verkhovna Rada of Ukraine registered Bill No. 4004, 'On Amendments to the Criminal Procedure Code of Ukraine to Enhance the Effectiveness of Combating Cybercrime and the Use of Electronic Evidence'.

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ForkLog 8 09.09.2020

Ukraine registers bill on cryptocurrency confiscation

Ukrainian lawmakers have introduced a bill in the Verkhovna Rada regulating the mechanism for confiscating cryptocurrency obtained from illicit activity.

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