RATE Group | Fight likely over cash and bitcoin seized from Hamilton man amid piracy allegations
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Fight likely over cash and bitcoin seized from Hamilton man amid piracy allegations

23 Nov Fight likely over cash and bitcoin seized from Hamilton man amid piracy allegations

Posted at 05:55h in Bitcoin News by

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$6.2m of digital cryptocurrency, Bitcoin, was seized by police.

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$6.2m of digital cryptocurrency, Bitcoin, was seized by police.

The lawyer of a Hamilton man who had cryptocurrencies worth millions seized by police is feeling bullish they will win the civil proceeding.

Police said that $6.2 million in various cryptocurrencies and $800,000 in New Zealand currency was seized in June from a Hamilton-based operator of what they believe is a movie pirate website.

It’s the largest amount of digital coin seized by New Zealand authorities. Proceedings so far have been in civil courts and focussed on allegations money laundering. No criminal charges have been laid.

Lawyer Truc Tran said his client Jaron McIvor will fight the seizure.

READ MORE:
* Hamilton man allegedly a money laundering movie pirate
* Importer of ‘brown sugar’ worth $1.7 million jailed
* Auckland money laundering bust: Six arrested, Porsche and ‘millions’ of dollars seized

“He’s a really good guy and we’re really keen to defend this type of proceeding and this is…

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