Cryptocurrency

United

Dollars

Dark

Million

Indian citizen Banmeet Singh pleaded guilty in the dark web narcotics case involving the cryptocurrency seizure of $150 million in drug proceeds.
<h2 id="largest-amount-of-crypto-seized-at-a-time">Largest Amount of Crypto Seized at a Time</h2>
Banmeet Singh was convicted today in U.S. District Court of running a dark web narcotics organization that built a multimillion-dollar drug business with hundreds of kilograms and tens of thousands of pills across the United States.
According to the DEA, this case involves the largest single seizure of cryptocurrency and cash in DEA history. The defendant's cryptocurrency accounts worth $150 million were seized.
Banmeet Singh, 40, from India, pleaded guilty to possession of narcotics with intent to distribute and conspiracy to launder money.
Related News: <a href="https://en.bitcoinsistemi.com/two-new-altcoin-listing-announcements-from-bitcoin-exchange-bybit/" target="_blank" rel="noopener noreferrer nofollow">Two New Altcoin Listing Announcements from Bitcoin Exchange Bybit!</a>
According to court documents, Singh created vendor marketing sites on dark web marketplaces such as Silk Road 1, Silk Road 2, Alpha Bay, Hansa and others to sell narcotics.
Customers ordered drugs from Singh using merchant sites and paying with cryptocurrency. Singh then personally shipped or arranged for them to be sent from Europe to the US via US mail or other shipping services.
Singh was arrested in London in April 2019, and the government arranged for his extradition to the United States in 2023.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/150-million-dollars-of-cryptocurrency-seized-in-the-dark-web-narcotics-case-in-the-usa/" rel="noopener noreferrer nofollow">150 Million Dollars of Cryptocurrency Seized in the Dark Web Narcotics Case in the USA!</a>

150 Million Dollars of Cryptocurrency Seized in the Dark Web Narcotics Case in the USA!

Table of Contents

Bitcoin Sistemi EN

Other articles published on Jan 30, 2024

Fidelity’s Spot Bitcoin ETF gathers $208M in daily inflows, outpacing Grayscale Bitcoin Trust

Top Dogecoin (DOGE) Wallet Issues Warning After Exploit Attempt: Details

$GFOX Outpaces $SHIB in ICO Growth with 92% of Tokens Sold-Out

Decentralized Finance (DeFi) protocols proposed as “critical infrastructure” for oversight

Blockchain Firm Oasis Pro Undergoes Management Change in an Attempt to Expand Finances

Price Analysis: The Price Of Aptos (APT) Increased More Than 5% Within 24 Hours

Join our free newsletter for daily crypto updates!