UK Police Force Gets $665K Bitcoin Windfall From Seizures

Key Points

1. Lancashire Police seized Bitcoin from thieves in December 2017, which later rose substantially in value.

2. The victim was compensated in full, but British law prevented overpayment, leaving a £1m surplus.

3. Half of the surplus will go to the UK Treasury, and the other half will fund crime prevention initiatives.

4. The funds aim to disrupt the cycle of crime and support community projects.

5. Detective Sergeant David Wainwright emphasized the importance of reinvesting seized assets to reduce crime.