{"id":51855,"date":"2021-10-27T14:42:31","date_gmt":"2021-10-27T11:42:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51855"},"modified":"2025-09-03T01:57:34","modified_gmt":"2025-09-02T22:57:34","slug":"british-police-seize-bitcoins-from-teenager-worth-2-million-2-7-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/british-police-seize-bitcoins-from-teenager-worth-2-million-2-7-million\/","title":{"rendered":"British police seize bitcoins from teenager worth \u00a32 million ($2.7 million)"},"content":{"rendered":"<p>A 17-year-old resident of Lincolnshire, England, <a href=\"https:\/\/www.lincs.police.uk\/news-campaigns\/news\/2021\/cybercrime-detectives-seize-more-than-2m-of-cryptocurrency\/?utm_source=twitter&#038;utm_medium=f783773a-f961-4b52-b91b-1f5d9b19e241&#038;utm_term=&#038;utm_content=&#038;utm_campaign=\">found guilty<\/a> of fraud and money laundering of cryptocurrency totaling \u00a32 million ($2.7 million).<\/p>\n<p>Police say that in April 2020 the teenager spoofed the Love2Shop website, which sells gift cards and vouchers.<\/p>\n<p>Using it, he deceived users and stole vouchers worth \u00a36,500 ($8,900). He then purchased bitcoins with the proceeds.<\/p>\n<p>During the search, investigators found the defendant&#8217;s 48 BTC and a range of other cryptocurrencies, more than 12 000 credit card numbers and details of 197 PayPal accounts.<\/p>\n<p>The defendant pleaded guilty to money laundering and fraud. Given his age, the court sentenced him to a 12-month rehabilitation order.<\/p>\n<p>In July, the London Metropolitan Police Service, as part of an investigation into an international money-laundering scheme, carried out the <a href=\"https:\/\/u1f987.com\/en\/news\/british-police-seize-record-250m-in-cryptocurrency\">largest seizure of digital currencies<\/a>. The total value of the coins seized was around \u00a3180 million ($250 million).<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A 17-year-old resident of Lincolnshire has been found guilty of fraud and money laundering of cryptocurrency totaling \u00a32 million ($2.7 million).<\/p>\n","protected":false},"author":1,"featured_media":51856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1162,1154,1172,810],"class_list":["post-51855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-court-cases","tag-crimes","tag-seized-bitcoins","tag-united-kingdom"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=51855"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51855\/revisions"}],"predecessor-version":[{"id":51857,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/51855\/revisions\/51857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/51856"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=51855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=51855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=51855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}