According to the local media report, an ongoing investigation into online drug trafficking on an infamous dark web marketplace platform,, led the Police in the Australian state of Victoria, to seize more than $6 million, nearly $8.5M in Bitcoin cryptocurrency.
In the country this is the largest ever cryptocurrency seizure. In early 2021, the information was provided to police by a Federal agency after which Victoria Police started an investigation. As per the report, with the help from the East Gippsland Crime Investigation Unit and Bass Coast Crime Investigation Unit, the Victoria Police released Search warrants at properties in Kinglake, Preston, Prahran, Dollar, and South Yarra. During the search, Items seized include drugs likes “cannabis, Psilocin (magic mushrooms), MDMA, prescription medication and white powder and crystals.” According to the reports, two properties were restrained by the authorities valued at A$2 million and vehicles valued at A $100,000. In the operation total assets confiscated were valued at A$13.1 million ($9.3 million).
As said by Victoria Police Crime Command, Commander Mick Frewen, “This is a remarkable result and one that highlights the modern nature of serious and organized crime. This is the 21st century version of drug trafficking and money laundering, with criminals using technology to enable immense amounts of community harm and misery.” Read More...
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