A South Australian resident has been arrested on charges related to drug trafficking on the dark web. Additionally, they are accused of using cryptocurrency for money laundering.
The South Australian law enforcement authorities have taken into custody an individual who stands accused of engaging in drug trafficking. This individual is also alleged to have been involved in money laundering activities related to cryptocurrency on the dark web.
During their operation, the police seized various items. These included currency, illegal narcotics, electronic devices, and digital currency. The total value of these confiscated items amounted to $1.5 million. All of these items were connected to the accused individual.
Reportedly, the accused drug trafficker received payments in cryptocurrency. Additionally, they were found to have maintained multiple profiles on the dark web. These profiles were used to market various illicit drugs. Detective Superintendent Rice, when discussing the case, made the following statements:
Detective Superintendent Rice explained, “Our investigation uncovered illicit activities on a dark web marketplace. We then established a connection between these activities and an actual individual in South Australia. Following this, we tracked the cryptocurrency used in these transactions. Finally, we successfully carried out a search and seizure operation.”
Superintendent Rice also disclosed that nitazene, an exceedingly toxic substance, was among the narcotics seized. The authorities managed to confiscate roughly five kilograms of nitazene, which represents the largest seizure of this substance in Australia up to this point.
Australian Authorities Uncover Dark Web Crypto Crimes: Seizures, Investigations, and Legal Consequences
It’s important to mention that previous cases have involved protonitazene, which was suspected of causing overdoses and being linked to the death of a young man.
However, Superintendent Rice emphasized that the dark web drug dealer in this specific case is not connected to those incidents. The accused individual, who is currently in custody, is set to appear in court at a later date.
Moreover, there have been multiple documented cases of criminal activities connected to cryptocurrency on the dark web.
For instance, in a case from July, a resident of New Jersey, John Michael Musbach, made a payment of 40 BTC in May 2016 (equivalent to $20,000 at that time) to hire a hitman via the dark web. His intention was to eliminate a child who was expected to testify against him in a child pornography case. As a consequence of his actions, Musbach received a prison sentence of six years and six months.
In a different case, a woman named Kristy Lynn Felkins from Nevada received a five-year prison sentence. She was convicted for her involvement in using a dark web hitman platform known as Besa Mafia to orchestrate the murder of her ex-husband. Felkins executed the operation by transferring 12 BTC, which amounted to roughly $5,000 at that particular time.
In a recent study carried out by RMIT University in Melbourne, Australia, it was revealed that judges tend to administer harsher penalties. These penalties are imposed on Australian criminals who use Bitcoin and other cryptocurrencies for illegal activities. This is in contrast to individuals who opt for traditional fiat currencies.