#Former NCA Officials Steal Coins and Pay Compensation
In 2017, he took 50 BTC; now the prosecution is seeking recovery at a value 30 times higher.
Former UK NCA official Paul Chowles took 50 BTC from assets seized from Silk Road 2.0. The prosecution now values it at more than 30 times the original amount; he must pay back $2.4 million. Problems arose within the enforcement chain, yet the recovery still gets executed.
After the news, $BTC moved from 83910.7 to around 84280.6, up 0.44%; open interest increased 0.68%; the buy-sell ratio was 0.949—slightly skewed toward sellers, but not by much. The trading volume in the last hour was only 0.75 times the 24-hour average, with volume not keeping up.
Cases like this don’t move supply and demand—trend-wise, it’s still about capital: after the news, both price and open interest rise slightly in tandem, suggesting selling pressure is being absorbed. If it falls back below 82901.3, this move will be cut off.
In 2017, he took 50 BTC; now the prosecution is seeking recovery at a value 30 times higher.
Former UK NCA official Paul Chowles took 50 BTC from assets seized from Silk Road 2.0. The prosecution now values it at more than 30 times the original amount; he must pay back $2.4 million. Problems arose within the enforcement chain, yet the recovery still gets executed.
After the news, $BTC moved from 83910.7 to around 84280.6, up 0.44%; open interest increased 0.68%; the buy-sell ratio was 0.949—slightly skewed toward sellers, but not by much. The trading volume in the last hour was only 0.75 times the 24-hour average, with volume not keeping up.
Cases like this don’t move supply and demand—trend-wise, it’s still about capital: after the news, both price and open interest rise slightly in tandem, suggesting selling pressure is being absorbed. If it falls back below 82901.3, this move will be cut off.
