Police seized the Bitcoin in 2021 but stored it in a third-party wallet, which was later accessed by unauthorized parties, with the loss remaining undiscovered for four years.
Police News
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Local media reported that the stolen 320 Bitcoin was returned to a wallet controlled by authorities, with the unknown hacker seemingly having a sudden change of heart.
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The loss was uncovered during an audit launched after a separate 320 Bitcoin custody failure, raising fresh concerns over digital asset management by authorities.
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Binance refutes claims that it froze only 17% of the funds it received that were linked to the Upbit hack, which raised questions over how exchanges act on cross-border law enforcement.
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Though the US dominated the number of requests from agencies in individual countries, Coinbase reported a modest increase in the overall number outside the country.
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Scammers in Australia impersonated police using the government’s ReportCyber system to legitimize their calls and trick victims into handing over crypto.
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The Australian Federal Police cracked a coded crypto wallet backup holding $5.9 million after a data scientist deciphered a complex numerical sequence on a phone.
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UK authorities could keep $6.4 billion in seized Bitcoin profits instead of compensating fraud victims at the current value, sparking a debate over asset recovery ethics.
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Canadian police have seized $40 million in crypto from TradeOgre, which the exchange’s supporters have criticized as heavy-handed.
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A former BJP legislator and 11 police officials have been convicted for the 2018 abduction of a Surat businessman in a plot to seize over 750 Bitcoin.
26627 - Explained
As the adoption of digital assets grows rapidly, there has been a significant increase in the amount of funds lost to scams and hacks.
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North Wales Police said a scammer impersonating UK law enforcement stole $2.8 million in Bitcoin in a “highly targeted and advanced scam.”
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Czech police have reportedly arrested darknet founder Tomas Jirikovsky in a $45 million Bitcoin bribery case tied to former Justice Minister Pavel Blazek’s resignation.
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A memecoin group said it’s behind a recent trend of sex toys being thrown during WNBA games, which has seen two men arrested for allegedly taking part.
3997 - Explained
A police officer’s 50-BTC theft was unraveled by blockchain tracking. Investigators traced the funds and brought him to justice.