Australian Police Seizes Record $6M Worth of Bitcoin From Dark Web

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Australian Police Seizes Record $6M Worth of Bitcoin From Dark Web

Australian detectives from the Prison Proceeds Squad have seized a record-breaking haul of bitcoin price just about A$8.5 million (greater than $6 million) in Victoria.

Native media reported Friday that the seizure was once the biggest quantity of cryptocurrency ever confiscated through police in Australia and was once a part of an investigation into on-line drug trafficking at the darkish internet.

Over $9M Price of Belongings Seized

Victoria Police stated it busted homes in Kinglake, Preston, Prahran, Greenback, and South Yarra with lend a hand from the East Gippsland Crime Investigation Unit and Bass Coast Crime Investigation Unit.

Pieces seized all through the quest come with medicine the police consider to be “hashish, Psilocin (magic mushrooms), MDMA, prescription medicine and white powder and crystals.”

The government additionally restrained two homes valued at A$2 million and cars valued at A $100,000. In step with the stories, overall property confiscated within the operation had been valued at A$13.1 million ($9.3 million).

In the meantime, 3 other people had been additionally arrested within the investigation, together with a 30-year-old Preston guy and a 31-year-old Kinglake lady who had been interviewed through police. Despite the fact that each were launched pending additional inquiries, the lady was once charged with ownership of hashish and can seem in court docket on March 3,  2022.

Trendy Model of Drug Trafficking

Commander Mick Frewen, Victoria Police Crime Command, stated in a observation:

“THIS CAN BE A OUTSTANDING END RESULT AND ONE WHO HIGHLIGHTS THE FASHIONABLE NATURE OF SIGNIFICANT AND ARRANGED CRIME. THAT IS THE TWENTY FIRST CENTURY MODEL OF DRUG TRAFFICKING AND CASH LAUNDERING, WITH CRIMINALS THE USE OF ERA TO PERMIT IMMENSE QUANTITIES OF GROUP HURT AND DISTRESS.”

Frewen additional added that drug traffickers consider that peddling medicine on-line is a “more secure” possibility as it supplies relative anonymity, however the results of the investigation displays differently.

Whilst the Victoria Police started its probe previous this 12 months, it paperwork a part of a bigger nine-year investigation through the Cyber Crime Squad and Prison Proceeds Squad into Silk Street, a gloomy internet market introduced in 2011.