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Detail Analysis

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Date:

Status:

Count:

Contributor:

November 9, 2021

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Verified

1

zerofriction.io

Loss Amount:

-

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Recovered Amount:

29,000,000

Currency:

Dollars

KYC By:

Audit By:

None

None

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Website:

No data

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Bitcoin, Ethereum

Government

Recovery

Extended Method:

Money laundering seizure

Data Sources:

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According to an announcement issued by the Public Prosecutor’s Office on November 8, in a separate money laundering investigation, Dutch law enforcement agencies have seized 25 million euros (approximately 29 million U.S. dollars) worth of cryptocurrency in the past few months. According to investigators, the arrested persons involved were Dutch nationals and foreigners. Unlike other countries, the Dutch authorities immediately sold the seized cryptocurrency. Reiner Bredenood, policy adviser at the Public Prosecutor’s Office, explained that this is to ensure that there are no allegations of price speculation. The amount of cryptocurrency confiscated in the Netherlands has grown exponentially year by year. Among the assets confiscated by the authorities of 303 million euros (351 million U.S. dollars) in 2020, cryptocurrencies (9.9 million U.S. dollars) accounted for only a small part of the total amount. In 2019, the amount of cryptocurrency confiscated was only 1.1 million euros ($1.28 million).

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.