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The UK sells Monero confiscated from drug dealers
Golden Finance reported that the Chester Cybercrime Unit in the UK successfully 'seized' £15,000 worth of Monero coins from a convicted drug dealer. This is the first time that Monero cryptocurrency has been converted into cash in the UK, demonstrating the crackdown on criminal activities involving privacy coins. The drug dealer was sentenced to 28 months in prison for selling deadly weight loss drugs on the darknet and has now been forced to surrender £23,000 in assets or face an additional 8 months of imprisonment.