Aussie Feds seize arms dealer's Bitcoin, profit 20-fold

From thenextweb.com

Have you ever wondered what happens to the Bitcoin $BTC▼8.63% that’s seized by police in drug cartel busts and other criminal investigations? In Australia, it’s been revealed that one case earned the police a twenty-fold profit. According to figures shared in the Australian Federal Police’s yearly report, authorities began proceedings to seize AUD $7,300 (USD$5,000) worth of Bitcoin in 2016. However, by the time the police was actually able to get its hands on the cryptocurrency its value had increased to AUD$154,000 (USD$105,000). That’s a whopping 2,000 percent increase! The case began in 2016 when ... (full story)