German Law Enforcement Forces confiscated crypto assets used in illegal operations. After the incident that took place in the German state of Hessen, the regional authorities seized the crypto assets that were released.
Recently, the cybercrime control agency in Frankfurt was one of the first organized banks in Germany in the field of crypto for this event that took place in the first quarter of the year. Bankhaus Scheichwent to Because these crypto assets are involved in organized crime, the bank said “black moneyHe said that it is qualified as ” and cannot be used in commerce. Bank, a 7 month process cleared these assets and put them up for auction. at auction 113 million dollars gathered.
Blockchain networks traceability Thanks to its feature, transactions can be tracked. In this way, the money used in illegal transactions is considered as “black money” and their use is prevented.
After this event, the Frankfurt Police Service and the bank decided to work together for such events that may occur in the future.
As in Germany, the fight against illegal events continues around the world. in October more than 200 Bitcoin was reportedly seized in illegal operations.