Cryptocurrency prices LIVE: Night of horror as BTC, ETH and DOGE fall – but ADA bucks trending

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Scotland Yard said it seized £ 114million of Bitcoin as part of an investigation into money laundering offenses.

Metropolitan Police said the sum was more than double the amount of money seized last year and it was the largest cryptocurrency confiscation in the UK.

A bitcoin is currently worth around £ 25,000, having fallen from a high of £ 47,126.48 in April, meaning the sum confiscated could be worth nearly double two months ago.

The Bitcoin value of the assets seized by the Economic Crime Command from the force following the information received on the transfer of criminal assets is not known and the investigation is continuing.

Assistant Deputy Commissioner Graham McNulty said: “Every part of the Met is working to reduce violence on the streets of London as a top priority, including our financial investigators.

“There is an inherent link between money and violence.

“Cash is still king, but as technology and online platforms develop, some are adopting more sophisticated methods of laundering their profits.

“But we have highly trained officers and specialized units working day and night to stay ahead of the game.”

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