Confiscated Bitcoins sold for $1.5 million

Confiscated Bitcoins sold for $1.5 million

Seregjs Teresko was accused and sentenced to nine years prison term for money laundering and drug offenses. The Surrey police have confiscated 295 bitcoins from the accused. The authorities sold the seized assets for $1.5 million following a court hearing. A local court ruled that the force is permitted to hold 18.8 percent of the proceeds worth £273,000 as operational budget.

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