London Money Laundering Raid Nets Almost $250 Million in Bitcoin ” width=”800″> Bitcoin has had many ups and downs this past year, while it has been the target of money laundering raids across Europe and the UK. Credit: Facebook/Investing.com London’s Metropolitan police seized nearly £180 million ($248,993,100) of bitcoin on Saturday as part of a money laundering investigation. The seizure, announced on Tuesday, is only the latest in a string of such raids, including the confiscation of £114 million ($157,567,950) of the cryptocurrency last month. Police spokesmen told the press that criminal organizations were using cryptocurrency, including bitcoin, as a way to launder their ill-gotten takings.