{"id":10249,"date":"2024-01-30T13:49:23","date_gmt":"2024-01-30T11:49:23","guid":{"rendered":"https:\/\/forklog.com\/en\/150-million-in-cryptocurrency-seized-in-us-drug-trafficking-case\/"},"modified":"2024-01-30T13:49:23","modified_gmt":"2024-01-30T11:49:23","slug":"150-million-in-cryptocurrency-seized-in-us-drug-trafficking-case","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/150-million-in-cryptocurrency-seized-in-us-drug-trafficking-case\/","title":{"rendered":"$150 Million in Cryptocurrency Seized in US Drug Trafficking Case"},"content":{"rendered":"<p>An Indian citizen has pleaded guilty in a US court to drug distribution and money laundering. The amount of cryptocurrency confiscated from him reached a record $150 million for the history of the <span data-descr=\"Drug Enforcement Administration of the US Department of Justice\" class=\"old_tooltip\">DEA<\/span>.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Dark Web Vendor Pleads Guilty to Distributing Narcotics and Forfeits $150M<a href=\"https:\/\/t.co\/00eoJv0RIn\">https:\/\/t.co\/00eoJv0RIn<\/a> <a href=\"https:\/\/t.co\/jhDUjHMyWR\">pic.twitter.com\/jhDUjHMyWR<\/a><\/p>\n<p>\u2014 Criminal Division (@DOJCrimDiv) <a href=\"https:\/\/twitter.com\/DOJCrimDiv\/status\/1750946338290762067?ref_src=twsrc%5Etfw\">January 26, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to court documents, 40-year-old Banmit Singh created marketing sites on darknet marketplaces like Silk Road 2, AlphaBay, and Hansa to sell illegal substances. Buyers paid with cryptocurrencies.<\/p>\n<p>From mid-2012 to July 2017, the accused controlled at least eight distribution points in the US. Operators of these distribution centers received drug shipments from abroad, then distributed them across the country and sent them to England, Ireland, Jamaica, and Scotland.<\/p>\n<p>Singh was arrested in London in April 2019. He is one of eight members of the organization convicted in the case of illegal drug trafficking in the United States.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cSingh and traders like him think they can operate anonymously on the darknet and avoid prosecution. Today&#8217;s guilty plea, which includes the forfeiture of approximately $150 million in cryptocurrencies, demonstrates that the Department of Justice will hold violators of US law accountable, regardless of how they conceal their activities,\u201d said Nicole Argentieri, a representative of the department&#8217;s criminal division.<\/p>\n<\/blockquote>\n<p>Earlier in January, the Department of Justice <a href=\"https:\/\/u1f987.com\/en\/news\/us-charges-operators-and-users-of-darknet-marketplace-xdedic\">charged<\/a> 19 individuals connected to the activities of the darknet marketplace xDedic.<\/p>\n<p>In December 2023, German police shut down the Kingdom Market platform in the &#8220;dark web,&#8221; which sold drugs, malware, criminal services, and fake documents.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An Indian citizen has pleaded guilty in a US court to drug distribution and money laundering. The amount of cryptocurrency confiscated from him reached a record $150 million for the history of the DEA. Dark Web Vendor Pleads Guilty to Distributing Narcotics and Forfeits $150Mhttps:\/\/t.co\/00eoJv0RIn pic.twitter.com\/jhDUjHMyWR \u2014 Criminal Division (@DOJCrimDiv) January 26, 2024 According to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1162,1154,477,26],"class_list":["post-10249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-court-cases","tag-crimes","tag-darknet","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=10249"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10249\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/10248"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=10249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=10249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=10249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}