New Zealand Police have seized $6.7 million New Zealand dollars (around $4.3 M USD) in cryptocurrencies as well as another $1.1 million New Zealand dollars in bank funds from an alleged movie pirate who lives in Hamilton city in the North Island of New Zealand.
According to NZ Herald, a local media outlet, the arrest came following an investigation into alleged online movie piracy in the United States. The culprit name is Jaron David McIvor, a 31-year-old computer programmer and was charged of committing money laundering by receiving millions of dollars from an alleged illegal movie streaming website he helped create.
The money was allegedly deposited into his bank accounts from international wire transfers, PayPal, and another third party payment processor “Stripe”.
According to the report, this seizure is believed to be the first “high value” restraint of cryptocurrency in New Zealand and easily the largest amount.
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