Police get £500K Bitcoin windfall to support local communities and cut crime.
Lancashire Police confiscated Bitcoin from a man who scammed victims through fake online investments. The stolen funds were returned at their original value, but because Bitcoin had gone up in price, there was a £1 million surplus. Half now goes to the police, earmarked for community safety and crime prevention.
Once again, Bitcoin proves it’s bad for criminals and good for communities.
Bullish.
https://www.bbc.co.uk/news/articles/c1w802wg155o