UK Police Seize $2.7M in Crypto From Teenager in Money Laundering Investigation

UK Police Seize .7M in Crypto From Teenager in Money Laundering Investigation
U.K. police seized more than £2 million ($2.7 million) in cryptocurrency from a 17-year-old during an investigation into what they called a “sophisticated cyber fraud.”Detectives from the Cyber Crime Unit said they had uncovered links to money laundering through cryptocurrency, which led to the seizure of more than 48 bitcoin and other cryptocurrencies.The teenager, who was not identified for legal reasons, was arrested in August 2020 following an investigation into reports of credit card fraud and the theft of personal information to defraud a digital gift voucher company out of around £6,000 ($8,200).Links to money laundering through cryptocurrency were discovered…