Ukraine Student Sold Hard Drugs Over Tor in Exchange for Bitcoin
Accepting Bitcoin payments is the easiest way to respect customer privacy over the Internet, but it is not an anonymous payment method. A portion of the hard drugs - worth over 50,000 hryvnia or US$,1825 - were confiscated during the arrest. There is no word on whether or not any Bitcoins have been seized during this intervention. Bitcoin has often been associated with illegal activities on the Internet, ranging from drug dealing to assassination and just about everything in between. However, none of this is to blame on Bitcoin or its technology, as Internet criminals accept the form of....
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Investigators for the Monroe County, Pa. Drug Task Force arrested a student at East Stroudsburg University in East Stroudsburg, Pa. for selling drugs from his dorm room which he purchased on the darknet, according to darkwebnews.com. Authorities claim the student, Michael Mancini, used and sold LSD that he bought on the darknet. Mancini reportedly accessed the darknet using the Tor browser and bought the drugs with bitcoin. The darknet requires specialized access since the websites are not indexed by commonly used search engines. Student Admits His Actions. Mancini admitted purchasing LSD....
Drugs are generally classified as illegal in most of the places across the world. Each country has its own legislation against the production, sale, possession and consumption of different recreational drugs. Just because the use of certain drugs for recreational purposes is illegal doesn't mean those drugs are not available in that country. People can always find ways to procure these substances through intermediaries or they can always order over the internet on sites like Silk Road. People sometimes pay a small fortune to procure these drugs, and they may not always get what they paid....
This is not the fault of technology or Bitcoin, as humans make their own decisions. As a result, they also bear the full responsibility for their actions. The deep web attracts people from all walks of life. One US student admitted he resold the drugs purchased on the darknet with Bitcoin. He also admitted to money laundering charges and is one of three people who were recently arrested for similar facts. This once again goes to show, despite technology having no bias towards good or bad, humans are responsible for their own wrong decisions. Zhe Wang, the 20-year-old Queens resident and a....
As you may be aware, the case of US Government versus Ross Ulbricht, the alleged owner and operator of the Silk Road market, which for years was a convenient way to use Bitcoin to purchase illegal drugs, stolen or falsified ID cards, and other goods which might be hard to obtain otherwise, has brought a lot of negativity to the cryptocurrency community, with the Atlantic recently publishing a piece entitled “Without Drugs, What’s the Point of Bitcoin?” Interested parties may want a breakdown of the government’s case. This will help determine the viability of the case and how it’s....
The drugs procured from darknet marketplaces are much safer than those available on the streets due to various reasons, states a recent report by EMCDDA. The rise of darknet marketplaces is attributed to the increased adoption of digital currencies like Bitcoin. Darknet marketplaces use digital currencies as a mode of transaction to ensure anonymity of all the parties involved. Lately, law enforcement agencies from across the world are trying hard to bring dark net drug dealers to book. They have been met with limited success as these marketplaces continue to evolve. However, there is a....