AU$350K Worth of Cryptocurrency Seized in Darknet Bust

darknet crypto arrest

A 33-year-old drug dealer in New South Wales was arrested earlier this week for being involved on the darknet. Police officials confiscated approximately AU$350,000 worth of cryptocurrency after raiding his home, he has been charged for running a drug emporium on the darknet. The operation was a joint cooperation between Strike Force Bergmark, Operation Odin, and the state crime command’s cybercrime squad.

Cocaine, computers, a vast amount of cash, a diamond ring, and multiple burner phones were also confiscated during the raid. These materials aided the drug dealer’s scheme to purchase and sell drugs on the darknet in a hidden manner but weren’t useful enough to save him from being caught. It is assumed that he is part of a larger drug importation ring active in Australia.

“WITH THE ASSISTANCE OF [THE]AUSTRALIAN BORDER FORCE, AUSTRALIAN FEDERAL POLICE, AND OTHER INTERSTATE POLICING JURISDICTIONS; SEVERAL DOZEN SUSPICIOUS PACKAGES WERE TRACKED AND INTERCEPTED ARRIVING INTO NSW, VICTORIA, QUEENSLAND, SOUTH AUSTRALIA AND WESTERN AUSTRALIA FROM JANUARY THIS YEAR,” commented by authorities regarding the arrest.

Stopping darknet crime seems to be impossible, but the role of cryptocurrencies will not decrease anytime soon although Bitcoin is suddenly losing popularity because of this matter.

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