UK Court Orders Seizure of $4.3 Million in Bitcoin from Crime Boss

A UK court has ordered the seizure of approximately $4.3 million in Bitcoin from Alexander Surin, a notorious crime boss known as "Don Car-Leone," after he failed to demonstrate that the crypto assets were acquired through legitimate means.

This decision follows an investigation into Surin’s financial dealings, which have been linked to his criminal activities.

Surin, who fled to Dubai after being convicted of drug trafficking in France in 2015, has previously had a significant portion of his wealth, including luxury cars and properties in London, seized by authorities.

Despite admitting that £4.5 million worth of assets were gained through illicit activities, Surin maintains that his Bitcoin holdings, stored in a Coinbase account registered in Kenya, were earned through lawful gold bullion trading in Dubai. He claims the Bitcoin was obtained through two transactions with a gold trader in Dubai’s gold souk, a business he describes as conducted on trust without formal records.

However, the Crown Prosecution Service (CPS) presented strong evidence suggesting that Surin’s Bitcoin fortune was the result of money laundering linked to drug trafficking.

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CPS representative Martin Evans KC highlighted that two significant transfers into Surin’s Coinbase account were linked to Christian Hargreaves, a convicted drug dealer. Evans further argued that Surin’s failure to provide credible documentation of his wealth, combined with the connection to Hargreaves, justified the seizure.

Judge Timothy Mould rejected Surin’s defense and ruled that the Bitcoin was indeed laundered from criminal activities. The court found the CPS’s evidence to be compelling, and the judge granted the CPS permission to seize the assets.

Alexander Zdravkov