340,000 Euro Worth of Bitcoin Seized During Darknet Bust
Furthermore, one of the four arrested individuals possessed Bitcoin at the time of the raid. According to sources, there was 340,000 EUR worth of Bitcoin in his wallet. German police officials have arrested four individuals suspected of selling drugs on the darknet. Keeping in mind how government officials and law enforcement agencies are cracking down on deep web users all over the country, this news is not entirely surprising. All four arrested individuals were active on a German darknet forum. Buying and selling drugs is illegal, and the darknet is no exception to this rule. Then again,....
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Europol has revealed the arrests of members of a darknet-based counterfeit currency racket who received over €160,000 in Bitcoin (approx. $172,000). In an announcement, today, Europol, the European Union’s primary law enforcement agency, revealed details of an investigation of a criminal group touted to “one of the biggest vendors of counterfeit euro currency online.” The vendor was active in different marketplaces, Europol added, with accomplices in the Naples area, in Italy. The investigation revealed that the vendor was selling counterfeit 20, 50 and 100 euro notes on the Darknet for....
Virtually every purchase of these counterfeit bills was paid for in Bitcoin, which remains the primary currency of the deep web. Bitcoin fraud can come in many different ways. An ongoing Europol investigation revealed how a criminal group was selling counterfeit euros on the darknet. Early estimates indicate they earned 160,000 Euros worth of Bitcoin through this method. Police officials arrested eight suspects earlier this week, and several hundred buyers have been identified. The investigation in question is a joint effort by Europol and the Guardia di Finanza in Italy. During this....
German authorities are auctioning bitcoin seized from the darknet in cybercrime cases. The auction website reportedly experienced high traffic to bitcoin listings, with 4,000 new registered users over the past few days.
German Government Auctioning Seized Bitcoin
The Justice Ministry of North Rhine-Westphalia, Germany’s largest state by population, announced Monday an auction of bitcoin seized from criminal cases.
Justiz Auktion, the auction website for the ministry, experienced high traffic to the bitcoin listings Monday after the prosecutors began listing the....
A major darknet marketplace, Sipulimarket, has been shut down and its assets, including bitcoin, were seized by Finnish Customs, in cooperation with Europol and the Polish police. Darknet Marketplace Shut Down, Bitcoin Seized Europol and Finnish Customs (Tulli) announced last week that they “have shut down the Sipulimarket dark web marketplace and seized all its content.” The operation was in close cooperation with the Polish Provincial Police Headquarters in Wroclaw (Komenda Wojewódzka Policji we Wroclawiu), Europol’s European Cybercrime Centre (EC3), and....
Australian newspaper The Age this week reported that millions of dollars worth of bitcoin has been seized in a drug bust spearheaded by Victorian authorities. Said report indicates that the Director of Public Prosecutions "obtained a restraining order" on the bitcoins from the suspected drug traffickers' wallet some time in 2012-2013. This information came from the office's most recent annual report presented on Tuesday in state parliament. "Criminals have embraced the digital currency to transact in illicit goods and to launder money across borders, posing a challenge to law enforcement,"....