UK Police Seize Record-Breaking $250 Million Worth of Cryptocurrency

The Metropolitan Police Service today announced that it seized nearly $250 million (£180 million) worth of cryptocurrency, which it said is “believed to be one of the largest seizures globally,” as part of an ongoing money laundering investigation.

If you’re feeling déjà vu, it’s probably because the Met previously announced the seizure of roughly $158 million (£114 million) worth of cryptocurrency on June 24. This might not be the last announcement related to this particular money laundering scheme, either, because the Met said that “the investigation continues.”

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