The UK sells Monero coins confiscated from drug dealers
The UK's Chester Cybercrime Unit has successfully'confiscated '£15,000 worth of Monero from a convicted drug dealer. This is the first time the UK has converted the Monero cryptocurrency into cash, showing the scale of the crackdown on criminal activity in the privacy currency. The drug dealer, who was sentenced to 28 months for selling deadly weight loss drugs on the dark web, has now been forced to hand over £23,000 in assets or face an additional eight months in prison.