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What Happens When Cops Seize Crypto and Bitcoin

Bloomberg Crypto

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Challenges in Investigating and Seizing Cryptocurrency Assets by Law Enforcement Agencies

This chapter explores the UK police force's efforts to enhance their cryptocurrency investigation skills, challenges faced due to officer attrition to private firms, and how agencies like the FBI use blockchain analysis to trace crypto ownership. It also delves into the complexities of storing and auctioning seized crypto assets, asset forfeiture processes in the U.S., and a notable case involving the forfeiture of stolen Bitcoin from the Silk Road site.

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