The Hacker, Bitcoin, The Proceeds Of Crime Act And The Criminal Courts (Sentencing) Act
In a legal first, a hacker has had bitcoin confiscated. Syedur Rahman of business crime solicitors Rahman Ravelli believes more such cases will follow.
A judge ordered the confiscation of bitcoin worth more than £900,000 from a jailed hacker in what was the first case of its kind for London's Metropolitan Police Service.
Grant West, 27, had about £1M-worth of the cryptocurrency seized from a number of accounts after his arrest in September 2017. But as the value of bitcoin fluctuated greatly after his arrest attempts to compensate...
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