Busted: Britain Confiscates $700,000 in Bitcoin from Hacker

A British court will this month sentence a 26 year old cyber-fraudster, from whom Scotland Yard seized about $700,000 in bitcoin proceeds earned from cyber-crime activities in 2015. The seizure of the $700,000 worth of bitcoin from Grant West last year is one of the first such seizures of cryptocurrency from any cyber-criminal in Britain.