Bankhaus Scheich sells confiscated cryptocurrency worth € 100 million
The Frankfurt Prosecutor General’s Office announced a partnership with Bankhaus Scheich to legalize and resell the confiscated cryptocurrency, in which assets worth € 100 million were sold. Since cryptocurrencies are associated with cybercrime, they are considered “dirty coins” and cannot be traded on exchanges. Therefore, the German prosecutor’s office together with Bankhaus Scheich have developed special mechanisms for its legalization. Senior Attorney Jana Ringwald said: “Cryptocurrencies have become a means of payment for cybercriminals. Therefore,…
