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Tag Archives: drug

US Law Enforcement Agencies Say Drug Gangs Are Using China Crypto Channels for Money Laundering

U.S. law enforcement agencies have reported an increasing use of Chinese and Asian cryptocurrencies for money laundering proceeds obtained from drug trafficking in the U.S., Europe, and Australia. This has risen from the estimated U.S. $2 trillion of funds laundered worldwide, of which almost $60 billion is from drug sales in the U.S. only. Most of these drugs are illicit ... Read More »

Law Enforcement Operation Target Darknet Drug Dealers

New Zealand law enforcement has visited more than eighty properties around the country in a sting operation to flush out people who are using dark web hidden marketplaces to instigate illegal activities. The operation was motivated by the rising number of people using the darknet to purchase deadly drugs, which are sometimes causing overdoses and untimely deaths. According to police ... Read More »

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Research: Assessing the link between the physical and virtual illicit drug markets

Illicit drug trading in the physical world has represented the subject of many research studies and is very well documented in academic literature. However, individuals involved in illicit drug trading have recently adopted innovative technologies to boost their profits and evade being caught by law enforcement agencies. Darknet marketplaces have been increasingly transforming the drug trafficking business during the past ... Read More »

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Research: Addressing the growth of darknet drug trading in the US

The use and popularity of the black darknet drug market in the US have been increasing in the past few years. The anonymity offered by darknet marketplaces enables users to steer clear of law enforcement. Current policy is centered on the identification of administrators of darknet marketplaces and the immediate shutdown of their platforms. Even though this policy has led ... Read More »

Nine Dark Web Drug Dealers Arrested for Selling Narcotics with Cryptocurrencies

Nine dark web drug traffickers have been arrested for buying and selling narcotics on a Korean illegal dark web platform using virtual currencies. According to a report released on Sunday by the Seoul Central District Office of Public Prosecutions, the nine suspects are in custody for allegedly trading controlled substances on a hidden online trading platform on the dark web ... Read More »

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The social order of darknet drug marketplaces

Advanced networking technologies have greatly fueled the growth of online digital markets. To facilitate the trading of illicit drugs, darknet marketplaces, or crypto markets, leverage encryption and anonymization technologies to hide the identity and geographical location of those engaging in drug transactions. A recently published research paper utilizes economic sociology as a basic framework to formulate a better understanding of ... Read More »

Police Undercover Operation Unravel and Arrest Dark Web Cocaine Drug Dealer

A Newport man, identified as Nevin Ryan, 28, was apprehended by undercover police detectives and drugs were seized during the operation. He was arrested after the law enforcement caught him driving a car without a legal license. Prosecutor Clare Wilks told the court that the police detectives seized cocaine, marijuana, and a mobile phone which had messages related to dark ... Read More »

Newtownabbey Darknet Drug Dealer Sentenced to Jail

A Newtownabbey man identified, as Darren Bennet, 23, was jailed for attempting to purchase handguns from a dark web market. The law enforcement strongly believes that the suspect intended to ship the weapons to south east Antrim. During the court hearing, Bennet pleaded guilty to the offenses he was charged with, including possession and intent to distribute illegal drugs, like ... Read More »

Bavaria Cybercrime Office Obtains Arrest Warrants against Two Dark Web Drug Traffickers

The Bavarian cybercrime central office has obtained and acted on warrants of arrest for two dark web drug traffickers. The two have been accused of illegal importation of large quantities of narcotics purchased on dark web marketplaces as well as possession of controlled substances with the intent to distribute. In an intensive corroborative investigation between foreign authorities, the Attorney General ... Read More »

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Research: Synthetic Cannabinoids (SCs) – The drug of the darknet

The popularity of smokable drugs containing synthetic cannabinoids (SCs) has been rising sharply during the past few years. SCs are mainly sold online via darknet marketplaces as an alternative to traditional psychoactive drugs such as opiates, cocaine, and MDMA. SCs are sold under various brand names, e.g. K2 in the USA and Spice in Europe. Considerable variations can exist in ... Read More »

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Convicted Dark Web Drug Trafficker to Pay 300,000 euros to the State

A Utrecht young man convicted by a Netherlands court for conducting an international dark web drug trafficking ring online and for money laundering through virtual currencies will have to pay 300k to the state. Apart from sentencing, the court has ordered that the defendant pay at least 300,000 euros to the country after determining the turnover of his illegal business. ... Read More »

Maryland Man Jailed for 57 Months for Dark Web Drug Distribution

A Maryland based man was convicted and sentenced to over five years in prison in a federal court. He was also given three years of supervision after release from the prison for what the court documents quoted as drug distribution and money laundering charges. The man, identified as Ryan Farace, 34, was said to be involved in the lucrative illegal ... Read More »