2024

United

Silk Road

Read

<p class="is-style-lead">A Silk Road drug lord who was extradited from the U.K. admits to operating an illicit drug network and surrenders $150 million in crypto.&nbsp;</p>
<p>According to the U.S. <a href="https://www.justice.gov/opa/pr/dark-web-vendor-pleads-guilty-distributing-narcotics-and-forfeits-150m" target="_blank" rel="noopener noreferrer nofollow">Department of Justice</a>, Banmeet Singh, a 40-year-old individual from Haldwani, India, has pleaded guilty to operating an illegal drug distribution network. He utilized various dark web platforms, including notable ones like Silk Road, Alpha Bay, and Hansa, for selling an array of controlled substances.&nbsp;</p>
<p>Singh’s operation involved customers placing orders through his online storefronts and paying in cryptocurrencies. He then facilitated the shipment of these drugs, primarily from European sources, into the U.S. via postal services or other delivery methods.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Banmeet Singh plead guilty today in a dark web narcotics case involving $150 million, which is believed to be the largest single cryptocurrency financial seizure in DEA history. Read more about it here <a href="https://t.co/fxcNXfBNbu" target="_blank" rel="noopener noreferrer nofollow">https://t.co/fxcNXfBNbu</a>. <a href="https://t.co/i372s0Z9zl" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/i372s0Z9zl</a></p>— DEADetroit (@DEADETROITDiv) <a href="https://twitter.com/DEADETROITDiv/status/1750943284359319817?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">January 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>You might also like: <a href="https://crypto.news/u-s-government-to-sell-over-131m-in-bitcoin-seized-from-silk-road/" rel="noopener noreferrer nofollow"> U.S. government to sell over $131m in Bitcoin seized from Silk Road </a></p>
<p>Acting Assistant Attorney General Nicole Argentieri highlighted how individuals like Singh mistakenly believe they can conceal their illegal activities within the dark web’s anonymity. Singh’s conviction is a testament to the efforts of law enforcement in penetrating these hidden sectors of the internet. The plea agreement includes a forfeiture of around $150 million in cryptocurrency assets. It was revealed that Singh’s drug transactions often used the pseudonym Liston.</p>
<p>Singh’s <a href="http://U.S. government to sell over $131m in Bitcoin seized from Silk Road" target="_blank" rel="noopener noreferrer nofollow">illegal enterprise</a>, active from mid-2012 to July 2017, included at least eight distribution networks within the United States. These networks were spread across various states, including Florida, Maryland, New York, and Washington. Singh’s distribution cells were responsible for receiving drug shipments from abroad, repackaging them, and then redistributing them across all 50 states, as well as to international destinations like the U.K. and Canada.&nbsp;</p>
<p>Throughout the duration of this conspiracy, the Singh-led organization trafficked hundreds of kilograms of controlled substances across the United States. This large-scale operation generated millions of dollars, which were subsequently laundered into cryptocurrency accounts, forming a substantial illicit drug empire.</p>

Silk Road drug lord forfeits $150m in DEA’s largest ever crypto seizure

crypto.news

2024년 1월 26일에 게재된 다른 기사

Russian Government Divided Over Energy Restrictions for Cryptocurrency Miners

5 Reasons Why XRP Would Surge 10x From the Current Price Level

A First Since the Launch of Bitcoin ETFs

Scam Alert: Algorand Founder X Account Hacked, Be Careful

Binance.US Hits Regulatory Roadblocks in Alaska and Florida

Shiba Inu: When Will SHIB The Metaverse Release?

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!