US Justice Department Seizes $20m+ in Bitcoin in Nationwide Drug Bust

admin Bitcoin, Bitcoin News, Bitcoin Regulations, Bitcoin Startups, Bitcoin Tools, Blockchain, Digital Currencies, Ethereum, Ethereum News, Hacking, Infographics, Initial Coin Offerings, Opinion, Smart Contracts 0 Comments

Click Here To Join CoinHits

The Department of Justice (DOJ) in conjunction with a host of other government agencies have actually discovered vendors of illicit goods on the Darknet to seize weapons and over $20 million in bitcoin from them.The operation which was led by the Department of Justice had Special Representatives of Homeland Security Investigations(HSI )position as cash launderers on Darknet market websites where they were able to determine vendors of illegal items while exchanging U.S dollars for virtual currency.The representatives had the ability to seize cryptocurrency mining devices, weapons, narcotics,$ 3.6 million in U.S currency and gold bars,

almost 2,000 Bitcoins and other cryptocurrencies worth over $20 million,, the DOJ said in a statement Speaking on the success of the bust, Deputy Chief law officer Rod J. Rosenstein said illicit suppliers need to not feel too comfy in the Darknet.”Bad guys who believe that they are safe on the Darknet are wrong,”he stated. “We can expose their networks, and we are identified to bring them to justice. Today, we detained more than 35 alleged Darknet suppliers. We took their weapons, their drugs, and$23.6 million of their ill-gotten gains.”Rosenstein went further to discuss exactly what the next actions were for the company. He stated there will be an across the country effort to cut off the supply of drugs like the fatal

“fentanyl that are eliminating an extraordinary variety of Americans. “According to doctors, a quantity of fentanyl as “small as a grain of sand can eliminate an adult.”In his remarks, the Executive Associate Director Derek Benner of U.S. Migration and Customs Enforcement ‘s Homeland Security Examinations(HSI) said the Darknet is constantly altering that makes it hard to track illicit suppliers onthe platform.”The Darknet is ever-changing and increasingly more detailed, making finding and targeting those offering illegal items on this platform more complicated,” he remarked.He was nevertheless ecstatic as the”veil has been lifted” and today’s bust reveals that”every lawbreaker is within arm’s

reach of the law.” Through this operation, the HSI New York was able to open more than 90 active cases around the country which resulted in the arrests of over 35 Darknet vendors. The DOJ worked with the U.S. Immigration and Customs Enforcement’s Homeland Security Examinations(HSI), the U.S. Secret Service(USSS ), the U.S. Postal Assessment Service(USPIS)and the United States Drug Enforcement Administration(DEA)

on the operation.According to the Inspector in Charge Peter R. Rendina of the U.S. Postal Assessment Service( USPIS )New York City Division, the collaboration in between the postal inspectors and other law enforcement agencies sends out a message to other illegal suppliers that” no resource or cost”will be spared in its battle to stop the sale and circulation of illegal products on the Darknet.Last month we reported a probe being carried out by the DOJ into bitcoin rate control in the market.Featured image from Shutterstock.Follow us on Telegram or sign up for our newsletter here. – Sign up with CCN’s crypto neighborhood for$9.99 each month, click here. – Want special analysis and crypto insights from Click here. – Open Positions at CCN: Full-time and Part-time Journalists Desired. Source