[Blockchain Today Reporter Ji-eun Lee] It was revealed that a county in New Jersey, USA, made huge profits from cryptocurrencies seized from convicted criminals several years ago.
On the 26th (local time), the Monmouth County Prosecutors’ Office announced the confiscation and liquidation of bitcoin assets seized in 2018, WNBC reported. According to an official, the price of bitcoin, which was around $57,000 at the time, has now nearly tripled to $198,000.
The authorities held cryptocurrency at the time of the arrest of illegal drug distribution in Long Branch in 2018. It is said that this bitcoin was frozen and seized after it turned out to be profits from illegal drug sales.
“The Monmouth County Prosecutors’ Office is leading the way in innovative law enforcement strategies and practices necessary for the new cryptocurrency world,” said Prosecutor Christopher Grammioni. “It will be an effective precedent for law enforcement agencies in our state of the United States.”
The first cryptocurrency seizure that has not yet been liquidated took place in 2017, a year earlier. In the operation at the time, dubbed “Operation Plastic Army,” authorities arrested 16 people who deceived more than a dozen financial institutions. At the time, it confiscated $200,000 worth of cryptocurrency assets from the Colts Neck man, which is now worth more than $1.25 million.
New Jersey federal prosecutors recently announced the guilty verdict of a Monmouth County man accused of committing illegal bitcoin transactions, a man in Camden County who paid $200,000 in bitcoin to an assassin to murder a 14-year-old child. You are being charged with paying.
contact@blockcast.cc
