British drug baron to be banned from owning cryptocurrencies after his release from prison
Curtis Warren will also have his access to WhatsApp and Facebook Messenger restricted
18.10.2022 - 12:30
310
1 min
0
What’s new? The UK authorities will ban drug baron Curtis Warren from storing and using cryptocurrencies after his release from prison. The 59-year-old man is due to be released in November after serving 13 years on charges of smuggling illegal substances. According to The Sunday Times, Warren will only be able to have up to 1000 British pounds sterling in cash, one phone, and a SIM card, data on which must be given to law enforcement upon request. He will also be banned from using WhatsApp and Facebook Messenger.
What happened before? In March, Massachusetts law enforcement officers seized 59 BTC worth $2,3 million from a drug dealer. The criminal was sentenced to eight years in prison and will be placed under supervision for three years after his release.
In July, the Finnish authorities sold 1889,1 bitcoins worth $47,5 million confiscated in arrests of drug dealers and other criminals.
In April, the founder of the Silk Road darknet marketplace, Ross Ulbricht, gave up his rights to 69 370 BTC in favor of the state. Under the deal with US authorities, the assets will be sold at auction. Part of the proceeds will go to pay the fine.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$93 687
BTC
-4.55%
-
Ethereum
$3 392.57
ETH
-0.5%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.42
XRP
-3.86%
-
Dogecoin
$0.396942
DOGE
-7.37%
-
Cardano
$0.957551
ADA
-8.19%
-
Stellar XLM
$0.463194
XLM
-11.32%
-
Polkadot
$8.21
DOT
-10.82%
-
Bitcoin Cash
$494.92
BCH
-3.39%
-
Litecoin
$92.94
LTC
-4.59%