The United Kingdom’s Metropolitan Police (Met) says it just set a new record for the largest seizure of crypto in the country’s history, breaking the previous record documented just weeks ago.
According to the Met, detectives seized roughly $250 million worth of unspecified cryptocurrency.
The seizure is the second in an ongoing investigation into an alleged money-laundering operation, which involves the arrest of a 39-year-old woman on June 24th. UK authorities say they have questioned the same individual in relation to the latest crypto asset seizure. Met’s personnel offers little detail on the investigation.
Says Detective Constable Joe Ryan,
“Less than a month ago, we successfully seized £114 million ($157.49 million) in cryptocurrency. Our investigation since then has been complex and wide-ranging. We have worked hard to trace this money and identify the criminality it may be linked to. Today’s seizure is another significant landmark in this investigation which will continue for months to come as we hone