$35M Breakthrough: Irish Authorities Crack Bitcoin Wallet Linked To 2019 Drug...

Irish police are on high alert due to the rising number of cases related to a bitcoin-related scam targeting high-net-worth people in the country. The situation has become worrisome because suspicious high-value transactions have already been noticed by authorities. Authorities Already Searched One Property Tied to One of the Suspects According to The Irish Times, Gardaí (Ireland’s police) investigates what they consider a major crypto scam whose criminals could be residing in the country. A local bank already raised concerns about a suspicious transaction of 500,000 euros....

This week the Irish police in coordination with several other police organizations around the world, has begun a big operation codename Onymous, against the illegal market Silkroad and other organized movements acting inside the darknet sphere. Today morning the Garda National has seized an illegal operation from an Irish silk road based drug trafficker. Ecstasy tablets, LSD and other controlled drugs nearing €180,000 in value, have been seized by Gardaí in a raid on ‘Darknet’ drug distribution centre in Dublin. Members from the Garda National Drug Unit, the Criminal Assets Bureau (CAB)....

India is quickly becoming a hotbed of Bitcoin activity. We reported last week on an Indian media broadcast, creating news and shows around the digital currency and forecasting huge Bitcoin value increases due to high demand in India. Now, a burgeoning drug syndicate that used a combination of ‘The Darknet’ and Bitcoin to grow an illegal drug trafficking operation has been discovered by authorities according to sources. Authorities have been tracking this activity for several months. India’s Narcotics Control Bureau first discovered two illicit drug vendors operating out of India, however,....

Individuals and companies are not the only ones who take advantage of the significant bitcoin prices surging across the board, despite recent pullbacks. In New Jersey, United States, a county yielded profits after liquidating seized cryptocurrencies during a drug investigation. Authorities Gained Control of the Cryptos in 2019 According to NBC New York, local authorities from Monmouth County got the bitcoin (BTC) during a raid in the context of an illegal narcotics distribution crackdown in 2018. Investigators found that such digital assets were part of the profits gained by the criminals....

Three years ago, New York Senator Chuck Schumer held a press conference to pressure federal law enforcement to crack down on Silk Road, the anonymous online drug market that had only just come to light. The crack down took eventually place in October 2013, and it's evident that it didn't do much good. Only a month after the Silk Road 1.0 bust, a new Silk Road 2.0 launched to replace the original site. Now there are around 30 copycat marketplaces, including Hydra, Pandora, Outlaw Market, Agora, 1776 Market Place, and Evolution, and most of them are doing a decent trade. Agora, now offers....