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4 Minute Crypto - Australian Law Enforcement Nets 2000 Percent Gains From Seized Bitcoin

Published on October 28th, 2019 by BTCMedia

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Back in 2016, Australian authorities arrested a suspect in a sting involving an arms dealer. The weapons were bought and paid for using Bitcoin, resulting in the Bitcoin used in the transactions being seized as evidence.

When law enforcement first began the litigation process, the seized crypto assets were worth roughly $5000, but by the time they had received the crypto, the value of all the seized Bitcoin had ballooned to $105,000, resulting in a 2,000% gain for law enforcement.

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DISCLAIMER: This article should not be taken as is, and is not intended to provide, investment advice.

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