Police Seize Over $ 600,000 in Cash, Bitcoin and Monero in Black Drug Trafficking


Police dismantled two proletarian drug markets on the Web, seizing six-digit amounts of Bitcoin BTC and the Monero cryptocurrency, as well as narcotics charges.

"[The Wall Street Market] It is the world's second largest black-web market, allowing the trade in drugs (including cocaine, heroin, cannabis and amphetamines), stolen data, forged documents and malicious software, "he said. Europol. "The illegal platform was exclusively accessible via the Tor network in the so-called Darknet and was aimed at the international trade of criminal products."

More than 550,000 euros ($ 613,600) in cash, six digits in cryptocurrency, vehicles, computers and data storage devices were seized.

Drug sellers reportedly made more than 63,000 deals in the Wall Street market, which investigators said had more than 1,150,000 registered accounts.

Monero's bitcoins and cryptocurrency-driven privacy would have been the preferred payment methods. The alleged perpetrators of the market would have received from 2 to 6% of commissions on the sales.

The authorities arrested three suspects in Germany in connection with the site. Two of its best-selling narcotics suppliers have also been captured in the United States.

The disappearance of Silkkietie led to the rise of Valhalla

The Finnish government disrupted the other market, Silkkietie (also known as Valhalla Marketplace) earlier this year. They labeled it as one of the oldest and most famous Tor trade portals in the world. He was online since 2013.

The investigators followed Silkkietie's drug traffickers to other illegal sites hosted by Tor (such as the Wall Street market), which led to their arrest. Finnish customs reportedly carried out a "significant seizure of Bitcoin" and the Silkkitie inventory.

The operation was supported by the Dutch, Finnish and French National Police. Several US government agencies were also involved, including the FBI, the DEA, the IRS, the Department of Justice and even the Postal Inspection Service.

"These two surveys show the importance of law enforcement cooperation at the international level and demonstrate that dark web-based illegal activity is not as anonymous as criminals think," said Catherine De Bolle, Executive Director. d & # 39; Europol.

This is not the first time the Dutch police are involved in the crackdown on illegal online trading. In 2017, TNW announced that it had secretly exploited Hansa, the second largest market on the Web, when it ranked second for the drug for at least one month.

As a result, at least 10,000 Hansa buyer addresses have been sent to Europol. More than 1,000 BTCs (worth over $ 2 million at the time) were also seized and transferred to the Dutch public prosecutor's office.

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Posted on 3 May 2019 – 13:21 UTC