Dutch Police Makes Historic Arrest, Seizes NFTs From Criminals

Dutch Police Makes Historic Arrest, Seizes NFTs From Criminals

Police cybercrime investigators in Oost-Nederland retrieved cryptocurrency and non-fungible tokens (NFTs) as part of their investigation into the widespread trade in private data.

That case, announced earlier this month, led to the arrests of a 19-year-old man from Hilversum and a 23-year-old man from Weesp. Both of them were arrested in their homes about two weeks ago. In a statement, the police said the arrest marks the first time that a Dutch investigative service seized NFTs.

NFTs are unique, unable to be copied, and often used as digital assets representing ownership rights over a real-world asset. They can represent a form of ownership over the physical property but are often used for intellectual property, such as digital art, items in video games, images from movies, or pieces of music.

Resource: CoinQuora