€410k in cryptocurrency frozen in organised crime investigation

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Gardaí have frozen €410,000 worth of cryptocurrency and arrested one man in connection with an organised crime investigation in Galway.

On Monday, Gardaí from the Galway Divisional Drugs Unit searched a home in Doughiska.

The raid was backed by the Regional Armed Support Unit and personnel attached to Millstreet Garda Station.

As part of this operation, two cryptocurrency accounts containing $410,000 have been frozen, along with an account at a local financial institution holding over €20,000.

A male in his 20s was arrested and is currently being detained under Section 50 of the Criminal Justice Act, 2006 at a Garda station in the North Western Region.

Gardaí have said that this investigation is ongoing, and that further updates will follow.