Over $28.6M In Bitcoin And Other Cryptos Seized By Dutch Authorities

Over $28.6M In Bitcoin And Other Cryptos Seized By Dutch Authorities

Dutch authorities seized over 25 million euros ($28.6) worth in Bitcoin, Ethereum, and other cryptocurrencies due to alleged criminal activity.

A Chainalysis 2021 report revealed that in 2019 the volume of illicit crypto activity represented a small 2.1% of all transactions, and in 2020 that volume fell 0.34%, but their expectation for 2021 was for “cybercriminal use of DeFi for money laundering to increase”.

 just as the cryptocurrency industry is always evolving, so too are the bad actors who commit cryptocurrency-related crime.

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The Fiscal Information and Investigation Service (FIOD), the National Criminal Investigation Department (DLR), and the Public Prosecution Service (OM) worked together on a mix of investigations with the intention of seizing crypto wallets linked to criminal activities.

The authorities claimed in a public

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