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#cryptocurrency asset recovery

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TRM Labs Launches Beacon Concierge to Help Police Freeze Illicit Cryptocurrency
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TRM Labs Launches Beacon Concierge to Help Police Freeze Illicit Cryptocurrency

Key Highlights TRM’s Beacon Concierge allows law enforcement agencies to coordinate directly with stablecoin issuers and cryptocurrency exchanges to freeze and seize suspected illicit funds. The service has supported 15 cases involving 14 agencies across 10 countries, helping freeze more than $35 million in suspected illicit funds. The wider Beacon Network now has more than ...

UK High Court Rules Chinese Law Governs Claims to 61,000 Seized Bitcoin
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UK High Court Rules Chinese Law Governs Claims to 61,000 Seized Bitcoin

Key Highlights: London’s High Court determined that Chinese law governs property rights over 61,000 Bitcoin seized by the Metropolitan Police, currently valued at roughly $5 billion. The ruling stems from civil recovery proceedings targeting fraud mastermind Zhimin Qian, who was sentenced to 11 years and eight months for money laundering. While the decision establishes the ...