Drugs – Ƀitsell X

South Australian Police Seizes $1.5M in Crypto From Man Charged With Drug Trafficking

October 5, 2023

South Australian police have apprehended a 25-year-old man from Adelaide Hills on charges of drug trafficking and money laundering, with approximately $1.5 million worth of crypto seized during the operation. The accused individual operated multiple vendor profiles on the dark web, selling various drugs, according to a Thursday report by the Australian Broadcasting Corporation…. Read More: South Australian Police…
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US Treasury sanctions crypto wallets as authorities crack down on fentanyl

October 3, 2023

According to Deputy Treasury Secretary Wally Adeyemo, the sanctioned wallets “received millions of USD funds over hundreds of deposits” used for illicit drugs. The Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury has sanctioned crypto wallets allegedly connected to individuals and companies involved in the production of fentanyl. In…
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Alleged Admin of Darknet Marketplace Monopoly Market Extradited to US

June 29, 2023

The suspected administrator of the Monopoly Market darknet marketplace has been extradited from Austria to face charges in the U.S. The man, a citizen of Serbia and Croatia who was arrested in Vienna last November, has been accused of facilitating $18 million in illegal drug transactions using cryptocurrencies. DNM Administrator Charged in U.S. With Running…
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Fentanyl Ingredients Sold for Crypto by Chinese Labs

June 23, 2023

Chinese chemical producers are accepting cryptocurrency as payment for fentanyl ingredients they sell to drug organizations worldwide. Researchers at crypto analytics platform Elliptic have found over 90 Chinese chemical companies that sold fentanyl precursor chemicals and advertised their products on the open web, 90% of which offered to accept payment in cryptocurrencies like Bitcoin (BTC) and Tether (USDT)…. Read More: Fentanyl Ingredients Sold…
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Five US enforcement agencies form new digital currency anti-crime task force

June 20, 2023

The agencies have worked together for years, but now their joint efforts are official as they plan to ramp up activity. A diverse group of United States enforcement agencies has made official its cooperation on crimes related to the darknet and digital currency with the announcement of the Darknet Marketplace and Digital Currency Crimes Task…
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Chinese Companies Selling Fentanyl Received More Than $27 Million In Crypto Payments: Report

May 24, 2023

Chinese chemical producers selling fentanyl ingredients have received more than $27 million in crypto payments. According to a new report by blockchain analytics firm Elliptic, approximately 90% of Chinese pharmaceutical chemical companies supplying fentanyl precursors accept cryptocurrencies like Bitcoin and Tether as a form of payment…. Read More: Chinese Companies Selling Fentanyl Received More Than $27…
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S Korean President Calls for ‘War’ on Crypto-powered Drug Trafficking

April 19, 2023

South Korean President Yoon Seok-yeol has declared an “all-out war” on crypto-powered drug trafficking after a large number of narcotics-trading teens were handed jail time. Per Today Korea, Yoon said there was a “need” to “mobilize all government capabilities in the fight against drugs.” At a cabinet meeting held at the Presidential Office in Seoul…
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South Korean ‘Crypto Drug-trading Teens’ Jailed

April 18, 2023

A “continuous” flow of South Korean teens are being given jail time as law enforcers continue a crackdown on crypto-powered drug trading. Kyungnam Shinmun reported that courts in the southern city of Changwon are now “sentencing teens and people in their twenties to imprisonment, one after another.”… Read More: South Korean ‘Crypto Drug-trading Teens’ Jailed…
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Economist Paul Krugman Criticizes Florida Gov. Ron DeSantis’ Opposition to Central Bank Digital Currency

April 16, 2023

Economist Paul Krugman questioned why Republican Florida governor Ron DeSantis opposes a central bank digital currency (CBDC) in a recent opinion editorial. Krugman suggested that DeSantis may be motivated by “general paranoia.” He speculated that DeSantis may be influenced by individuals who fear a digital currency could hinder “un-woke activities such as tax evasion and…
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South Korean Police Arrest Girl Aged 14 for Buying Crystal Meth with Crypto

March 8, 2023

A 14-year-old South Korean girl has been arrested on suspicion of using cryptoassets to buy methamphetamine (crystal meth). Per Dong-a Ilbo, the girl is a third-grade middle school student who lives in the Dongdaemun District of Central Seoul. Police say she was found “collapsed” on a stairwell in an apartment block. Officers say she had…
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Category: Drugs