Lancashire Police Seize Bitcoin in Fraud Case, Surplus Funds May Support Community Safety Initiatives
Main Idea
Lancashire Police seized Bitcoin worth approximately $665,000 from a fraud case, fully compensating victims and using the surplus to fund community safety initiatives.
Key Points
1. Lancashire Police recovered Bitcoin valued at $665,000 from criminals involved in a fraud case.
2. The seized amount fully compensated the victims, with the surplus aiding community safety initiatives.
3. The investigation began in December 2017, and the police used the Proceeds of Crime Act to secure the assets.
4. The case highlights the increasing trend of cryptocurrency seizures where recovered amounts exceed original losses.
Description
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