$5.2M in Cryptocurrencies Seized From Darknet Traffickers

Darknet button on the black keyboard - CoinShot

In Europe, the largest operation was carried out against drug dealers called Europol. Law enforcement bodies of Spain and Austria conducted a series of searches, arrested 8 people and seized more than €4.5 million ($5.2 million) in Bitcoin, IOTA, and Lumens; €2.3 million ($2.7 million) in cash and from a bank account in Austrian bank; 3 real estate objects worth €1 million ($1.15 million); 10 luxury cars and 800.000 doses of LSD.

As a result of the investigation in the Spanish provinces of Granada and Valencia, two drug laboratories were also closed, the cost of which is estimated at €12 million on the market.

According to law enforcement agencies, the arrested persons were an organized group that from 2012, selling drugs from Spain through a resource on the Darknet, clients were lured from Internet forums, and payment was made using cryptocurrency. Materials for the production of drugs were imported from Asian countries, mainly from China, to Amsterdam, and from there to the laboratory of Spain. The ready products were sent to 100 countries of the world in letters and parcels, giving out drugs for goods allowed for sale, for example, additives to cement.

Recall that in the United States as a result of a year of secret operation against traffickers of prohibited goods in the Darknet, 35 people were arrested. Among other things, law enforcement agencies confiscated about 2.000 Bitcoins and other cryptocurrencies for more than $20 million.

Ross Ulbricht, the founder of one of the most famous online black market and drug trafficking ring, known as the “Silk Road”, is serving a double life sentence in prison. Yesterday, the US Supreme Court refused to reconsider this decision.