$5.2 Million in Cryptocurrency Seized in EU’s Largest LSD Raid – Bitcoinist.com

Infraud Kingpin Arrested, More Than 100,000 Bitcoins Seized by Thai Police - Bitcoinist.com

European legislation enforcement businesses dismantled a Darknet drug trafficking community, seizing nearly 800,000 doses of LSD and over $5 million in Bitcoin, IOTA, and Lumens.

The Notorious ‘Darknet’

The Deep Internet or the “Darknet” gained plenty of notoriety again in 2013 when the USA FBI took down the Web’s largest on-line black market and drug trafficking ring often called The Silk Highway after an prolonged manhunt for the location’s libertarian creator, Ross William Ulbricht.

Ulbricht, higher identified by his deep internet pseudonym, “Dread Pirate Roberts,” was charged with narcotics trafficking, laptop hacking, and cash laundering after his arrest on the Glen Park Department Library in San Francisco on October 1, 2013. The FBI seized 144,336 Bitcoins through the Silk Highway bust, which they auctioned for a meager $48 million.

Headlines concerning the Darknet dissipated shortly after the investigation, leaving individuals to imagine that Darknet operations had both vanished solely or develop into a lot smaller than they had been through the Silk Highway’s heyday.

The Silk Road Lives On

The Silk Highway Lives On

On June 28, nevertheless, a really comparable story made headlines throughout Europe because the Spanish Guardia Civil and the Austrian Federal Police, supported by Europol, seized greater than $5 million in cryptocurrencies from one more deep internet drug ring. In response to an article from the EU Reporter, over 100 various kinds of psychoactive medicine, together with practically 800,000 doses of LSD, had been seized from two totally different laboratories in Granada and Valencia, Spain.

Eight people had been arrested on accusations of arranging a legal group for drug trafficking and cash laundering. The organized crime group was delivery medicine out of Spain to no less than 100 nations since 2012, disguising the medicine as authorized merchandise comparable to cement components.

The uncooked supplies for the psychoactive substances had been imported from Asian nations to a laboratory in Amsterdam, Netherlands, which acted as the first manufacturing facility for the crime group. They then shipped the merchandise to the laboratories in Spain, the place they had been packaged and distributed to shoppers throughout the globe.

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