Dutch police have seized nearly $29 million worth of cryptocurrencies

The authorities suspect that both Dutch and foreign criminals were involved in the crimes

10.11.2021 - 13:00

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What’s new? The Dutch authorities have seized the contents of cryptocurrency wallets containing approximately $29 million. The wallets were used in a variety of criminal activities, including human trafficking, fraud, and tax evasion. This is reported by the local prosecution service.

Statement by the Dutch Public Prosecution Service

What do the country's authorities think? . The last ones await extradition. The Dutch government stated that the attackers used stablecoins, converting most of the cryptocurrencies into this type of asset. The authorities have not given an exact answer on the fate of the confiscated coins. This situation has prompted the cryptocurrency community to speculate on the need to regulate stablecoins.

What does the official statement say? The statement from the prosecution service informs about the investigation, but no details are mentioned:

“Various crypto exchanges in the Netherlands and abroad have cooperated with FIOD (the government agency responsible for investigating financial crimes) and the Public Prosecution Service in carrying out seizures. They are obliged to do this in accordance with Dutch law. This enabled to seize the contents of digital crypto wallets operated by criminals, with a total value of more than 25 million euros ($29 million).”

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