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Yggdrasilcrann t1_ivjvp21 wrote

Reply to comment by dnap123 in TIL: That in 2019, some criminals were caught and 36 BTC was confiscated. The authorities valued the worth at €127,000 at the time and was sold 2 years later for €1.5 million. The criminals were returned €1.3 million due to the fact that the amount was expressed in Swedish Krona, not BTC by Wendals87

If you offically charge and prosecute someone with making $2000 worth of profit from drug trafficking and decide that profit must be seized they've already taken $20,000, then they return 18,000 and keep the rest.

This sort of happened here, but they simply undervalued the profits by using krona instead of BTC.

Edit: Euro to BTC

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No_Fox_7010 t1_ivk5098 wrote

Not euros, bitcoins. Bitcoin’s exchange rate has changed within those 2 years.

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Pope_Cerebus t1_ivkkjiy wrote

Except it's not that they undervalued it - at the time of the seizure it was worth 127k. The issue came because the value went up by the time the court case concluded. The police had no way to know this would happen, and may even have used the current cash value to avoid ruining the case if the opposite happened and BTC tanked - if the value dropped far enough before the court case started it could theoretically be too low to qualify for the charges filed.

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