The British police confiscated approximately $1.4 million of encrypted assets under the Proceeds of Crime Act

Wu stated that it had been informed that the British Avon and Sommerset police had announced that its financial investigation services had legally confiscated criminal assets totalling approximately $1.4 million under the Proceeds of Crime Act (POCA), including 20.21 BTCs, other encrypted assets and bank account funds. The person concerned has now passed away and the police, previously convicted for money-laundering offences, traced the assets to the dark-net market from 2016 to 2019. The confiscation was completed earlier this year after the court found that the assets were the proceeds of illegal activities. According to the police, this was the largest seizure of encrypted assets by the unit since the introduction of the encryption wallet freeze order in April 2024。