Indian ‘Crypto King’ Arrested by Narcotics Control Bureau — Wazirx Says Not O...
India’s Narcotics Control Bureau (NCB) has arrested a Mumbai resident known as “crypto king,” who allegedly used bitcoin to purchase narcotics on the dark web. Indian cryptocurrency exchange Wazirx says the accused is not one of its customers. ‘Crypto King’ Arrested in India A Mumbai resident, Makarand Pardeep Adivirkar, also known as “crypto king” in the country’s underground drug circuit, has been arrested by India’s Narcotics Control Bureau (NCB). He allegedly used bitcoin to purchase drugs on the dark web that were delivered to....
Related News
For the first time in India, the Narcotics Control Bureau has reported the activities of a darknet marketplace for drugs. The agency is currently investigating the syndicate behind it. India has registered its first case of illegal drug trafficking over the darknet using bitcoin as the mode of transaction. The country which has been slow in the adoption of digital currency in comparison with other nations has finally caught up with the global trend. The reports of increased activity of darknet-based drug traffickers within the country were reported by the Indian anti-narcotics agency,....
The ownership of WazirX became a hot topic as CZ claimed the deal never went through, but three years later, there’s still no clarity. The Twitter exchange between WazirX co-founder Nischal Shetty and Binance CEO Changpeng “CZ” Zhao over the ownership of the Indian crypto exchange grabbed a lot of headlines in the first week of August. WazirX was reportedly acquired by Binance in 2019, and ever since then, the Indian crypto exchange has been referred to as “Binance-owned”; however, to everyone’s surprise, CZ took to Twitter to claim that the acquisition process never went through and....
This week an Indian-Narcotics Control Bureau officer has been charged with stealing bitcoins from a darknet investigation. Drug Enforcement Officer From India Accused of Stealing Bitcoins. Over the past few years, law enforcement in India has been investigating darknet marketplace usage within the country. There have been multiple reports of the....
Indian authorities are investigating two syndicates selling drugs over the darknet using bitcoin. R.R. Bhatnagar, the director general of the Narcotics Control Bureau (NCB), said that for the first time, the bureau has detected drug dealers using bitcoin and the darknet operating illegal drug trafficking in India. The NCB investigations have indicated that some of the people involved are based in the country, and the agency is continuing to investigate, according to the Economic Times in India. Bhatnagar said the bureau has interdicted both syndicates, and both are selling party drugs.....
Binance CEO Changpeng Zhao (CZ) has warned that his company could “disable Wazirx wallets on a tech level,” advising anyone with funds on the Indian crypto exchange to transfer them to Binance. The warning followed numerous tweets by CZ and Wazirx’s founder regarding whether Binance acquired Wazirx.
Binance’s Warning: Transfer Your Funds
The conflict between global crypto exchange Binance and Indian crypto exchange Wazirx has deepened. Binance CEO Changpeng Zhao (CZ) tweeted Friday, advising anyone with funds on Wazirx to transfer them to Binance. He....