Police officers were hoodwinked by the criminals they were targeting and had $45,000 in Bitcoin stolen during a covert online police operation.The undercover online investigation was into money laundering but led to the detectives carrying out the operation being rinsed by the criminals they were pursuing. The undercover online investigation was into money laundering but led to the detectives carrying out the operation being rinsed by the criminals they were pursuing. The missing money has led to two further police inquiries. One internal investigation has identified gaps in police procedures which failed to adequately protect the taxpayer money. A criminal investigation into the money being taken was also launched but has so far failed to identify where the money went, or who took it.