The section Cryptocurrencies of the Carabinieri Anti-Counterfeiting Command has successfully completed the first operation conversion of confiscated assets into digital currencies into euros. The activity follows the seizure of Bitcoin e Monerofor a value of approximately 11.000 eurowhich occurred in January 2023, when the 1st Operational Section of Rome and the Cryptocurrency Section carried out eight precautionary measures against individuals, all resident in Napoli and suspected of belonging to a criminal group dedicated to currency counterfeiting.
The investigations, coordinated by the Public Prosecutor’s Office of Naples and conducted with the collaboration of Eurojust and Europol, are part of a broad investigative context that began in 2018, aimed at dismantling a distribution network of counterfeit banknotes through the Darkwebchannels Telegram and the transfer of cryptocurrencies such as Bitcoin and Monero to dedicated wallets.
During the operations, the seized cryptocurrencies – in particular Monero and Bitcoin – had been transferred from the Cryptocurrencies section to dedicated wallets, through the use of techniques and software developed directly by the Specialized Department of the Army which allow the creation of wallets, guaranteeing, in addition to high security, also special management of private keys and/or seed phrases. The cryptocurrencies, subject to seizure, were confiscated by decree issued by the Judicial Authority of Naples which ordered the conversion and transfer to the Single Justice Fund. Therefore, the Carabinieri of the Cryptocurrency section together with personnel from the Italian Young Platform Exchange specifically appointed as judicial police auxiliaries to proceed with the conversion, proceeded with the transfer and exchange into euros for the subsequent deposit to the FUG of the sums subject to confiscation.
#police #confiscate #cryptocurrencies #conversion #euros
– 2024-05-04 15:59:16
