Bitcoin News — dark net

European Police Forces Seize Over €4.5M in Crypto From Darknet LSD Market

Posted by Avi Mizrahi on

European Police Forces Seize Over €4.5M in Crypto From Darknet LSD MarketIt appears that there is an international crackdown on darknet marketplaces trading cryptocurrencies for recreational drugs. Soon after American undercover agents exposed dozens of vendors, European forces conducted what Europol calls “Europe’s biggest ever LSD bust.” Also Read: US Authorities Seize Over $20M in Crypto in Massive Darknet Crackdown “Europe’s Biggest Ever LSD Bust” The […]

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US Authorities Seize Over $20M in Crypto in Massive Darknet Crackdown

Posted by Avi Mizrahi on

US Authorities Seize Over $20M in Crypto in Massive Darknet CrackdownUS authorities have revealed that their agents had been operating undercover on the Darknet for the past year. The massive operation uncovered the true identity of over fifty vendors on sites such as Silk Road, Alpha Bay, Hansa, Dream, and more. Over 35 people have already been arrested and goods worth over $23.6 million have been […]

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Young New Zealand Man Spared Jail for Dealing Drugs With Bitcoin

Posted by Avi Mizrahi on

Young New Zealand Man Spared Jail for Dealing Drugs With BitcoinThis week, Elias Valentin Smith, a 20-year-old man from New Zealand, successfully appealed his prison sentence for drug dealing with bitcoin as a teenager. This was despite the fact that the court system considered the use of bitcoin as a sign of criminal sophistication. Also Read: Bitcoin Is Not Used by Organized Crime Says Hong […]

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Reddit Removes Bitcoin Payment Option, Censors Darknet Forum

Posted by Avi Mizrahi on

Reddit Removes Bitcoin Payment Option, Censors Darknet ForumDespite all the Telegram groups, Discord channels and many other alternatives, Reddit remains a leading forum for the wider bitcoin community – especially for new users to learn about the concept for the first time. As such, the website holds power over the conversation and what happens on Reddit can have much wider repercussions. Also […]

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British Man in Amsterdam Allegedly Laundered €11.5m in Bitcoin Drug Money

Posted by Avi Mizrahi on

British Man in Amsterdam Allegedly Laundered €11.5m in Bitcoin Drug MoneyA UK man living in Amsterdam is facing up to five years in prison for allegedly helping people by exchanging fiat cash for bitcoin which was used to buy drugs. He supposedly started by growing cannabis himself but soon found the bitcoin business to be more profitable by itself.   Also Read: US Navy Investigators […]

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