Police in New Zealand have reportedly seized $6.7m in cryptocurrency and $1.1m in cash as part of a money laundering investigation. According to a local report, a man from Hamilton allegedly received the funds from a US-based movie piracy site he helped to create. PayPal noticed unusual activity on an account linked to the suspect and reported the case to the IRS.
Source: Millions in Crypto & Cash Seized in Movie Piracy Investigation – TorrentFreak