Bitcoin Trader Robbed in Britain

Criminals penetrated into the bitcoin trader's house, and, threatening with murder, forced him to transfer to them a large sum in bitcoins
29 January 2018   740

Four armed masked criminals broke into the house of the cryptocurrency trader in Oxfordshire, England and, threatening with murder, forced him to transfer to them a large sum in bitcoins. Express reports about this.

It is reported that the robbery occurred last week in the city of Moulsford. Unknown infiltrated the trader's house in the early morning, tied his wife, and the child who was in the carriage was thrown out the door.

The exact amount of the stolen crypto currency is not called, but, as the newspaper writes, it is a question of the whole "state".

Despite all the efforts of the police to search for intruders, including the helicopter usage, it has not been possible to find their location yet.

Nevertheless, according to representatives of the analytical agency Explain The Market, the robbers will not be to cash out the stolen bitcoins easily.

These are criminals who have likely caught on to the current popularity of Bitcoin. But depending on how much they have, these coins are like being in possession of a rare painting. Trying to exchange large amounts for normal money without alerting suspicion will be very difficult.

Mark Shone

Chief Executive, Explain The Market

According to law enforcement agencies, this is the first robbery in the UK of this kind. 

US Authorities to Sell $4.3M Worth Seized BTC

As reported, the Bitcoins were seized during different federal investigations
18 October 2018   100

The US Federal Penitentiary and Marshals Service has announced an auction, during which 660 Bitcoins will be sold, previously confiscated by law enforcement agencies. The current market value of the coins put up for sale is about $ 4.3 million, CoinDesk reports.

Bitcoins offered for sale were seized during federal criminal, civil and administrative investigations.

The auction will be held on November 5, and to participate in it, you must register no later than October 31 and make a deposit of $ 200,000.

The trades will be divided into two parts and include the sale of six blocks of 100 BTC and one more block of 60 BTC. Auction participants will not be able to view other people's rates or change their own.

The Office clarified that part of the assets put up for auction includes Bitcoins, which were seized during the recent investigations into the cases of the traders Teresa Tetley and Thomas Mario Costanzo. Teresa Tetley was sentenced in July to a year in prison on charges of trading in cryptocurrency without the necessary license and laundering money obtained from drug trafficking.

The Marshals do not report which part of the bitcoins seized from Tetley and Costanzo is put up for auction, however, it was previously known that 40 BTC were withdrawn from the first, and 80 BTC from the second.

Two previous major auctions for the sale of confiscated bitcoins were held in the United States in January and March of this year. In the first case, 3813 BTC was sold, in the second - 2170 BTC.