An Australian man from Queensland lost approximately 25 Bitcoin coins, shorten the waterfront and Mercedes Benz after the federal police said that the assets may be linked to the crime.
based on Reports From May 18, the Criminal Assets confiscation squad moved to seize coins and property worth $ 4.5 million, about $ 2.88 million.
He does not face any new criminal charges on Bitcoin, but the court has removed the way for civil confiscation.
A guide from Luxembourg Police Points in the north
According to Agence France -Presse, the investigation began in September 2018. Investigators followed these movements to Queensland’s man – Shin Stephen Duffy – Those who admitted guilty in 2016 to sell Legue of Legends.
Live piracy fees were not a breach of riot games 2011. Instead, he bought a copy of and selling personal data on the Internet. The police also believe that it is linked to 950 Bitcoin Stoen in 2013 from the exchange of French encryption.
Authorities seized a Queensland waterfront mansion amid claims it was connected to the theft of 950 Bitcoin. Source: Australian Federal Police
Civil powers used to seize bitcoin and assets
According to the reports, Agence France -Presse has received powers for crime revenue law. They can “suppress assets and confiscate” if it is not possible to show them from sincere work. This means that there is no time in prison before the agency’s transfer.
Critics are worried that this allows the authorities to take property without a complete criminal trial. Supporters say it stops the money used for more crime and returns the money to community projects.
Image: bloomingbit.io
Money to go to prevent crime
According to AFP statement, sale revenues BitcoinThe house and the car will feed a special box. This fund proposes crime struggle programs and law enforcement.
Since July 2019, the work band has frozen more than $ 1.2 billion of assets. This list includes houses, yachts, fine arts and other encryption possessions. The idea is to convert criminal gains into the benefit of society.
BTCUSD trading at $102,670 on the 24-hour chart: TradingView.com
Registration tracks raise questions on privacy
Investigators tend to have a general Blockchain data for coins tracking. But anyone carrying Bitcoin mixed with “polluted” money may face a battle to prove their innocence.
Following every transaction or UTXO can be a heavy elevator for ordinary users. Some fear that this trend can sweep passers -by who carry non -realized metal currencies as soon as they are linked to illegal deals.
Society reaction mixes relief and anxiety
Local reports show mixed feelings. Some residents feel safer, knowing that high -value criminal gains cannot slip through cracks. Others are concerned about innocent rights and the burden of proof.
They ask whether civil courts can match strict standards for criminal trials. With the growth of Crypto, such cases will be tested to what extent can the authorities go to restore the suspect wealth.
Distinctive image from Gemini Imagen, the tradingvief chart
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