Avon and Somerset Police have confiscated more than $1.4 million in assets, including 20.21 BTC, from holdings traced back to darknet marketplaces that operated between 2016 and 2019 — a period that saw some of the most significant takedowns in darknet history. The regional force’s financial investigation unit announced the forfeiture Thursday, saying the combined haul — 20.21 bitcoin, additional cryptoassets and funds in a bank account — totalled $1.4 million (£1,032,487.86). The individual linked to the assets had a prior money‑laundering conviction and has since died, the force said. The assets were forfeited earlier this year under the Proceeds of Crime Act after a court concluded they represented proceeds of unlawful conduct; money recovered under the Act is routed into community and policing programmes. Officers, assisted by the force’s cyber team, traced the holdings to darknet markets that ran from 2016–2019. Avon and Somerset did not name the specific sites, but that window covers the era when AlphaBay (seized July 2017), Hansa (taken over earlier by Dutch police and run covertly for a month), and Dream Market (closed in March 2019) dominated darknet traffic. Every transaction those markets processed remains visible on the blockchain — a public trail that modern investigators increasingly exploit. “Many people think cryptocurrencies place assets beyond the reach of law enforcement,” Detective Constable Anthony Davis of the financial investigation unit said. He highlighted the blockchain’s permanent record as “an invaluable source of evidence” for following funds from illicit marketplaces into exchange accounts, wallets and bank links. This is the largest crypto seizure recorded by the force since the introduction of crypto wallet freezing orders in April 2024. Those powers let officers freeze and seize crypto without first making an arrest, transfer seized funds into law enforcement‑controlled wallets, and confiscate written passwords or storage devices. Police can also destroy an asset if necessary. When the rules were introduced the government singled out privacy coins as “not conducive to the public good.” At current market prices the 20.21 BTC alone would be worth roughly $1.6 million, though the force did not disclose when its valuation was taken. The seizure underscores both the persistent connection between darknet markets and real‑world crime — from drug distribution to people‑trafficking — and law enforcement’s growing technical capability to trace and recover cryptocurrency linked to those activities. Read more AI-generated news on: undefined/news