Australian police seize $4.1M in Bitcoin tied to darknet market
The story
NSW Police said the Bitcoin was allegedly linked to illegal darknet marketplace activity involving drugs and weapons.
From the source
Cybercrime detectives in Australia seized 52 Bitcoin valued at 5.7 million Australian dollars ($4.1 million) in what they said is one of Australia's largest crackdowns on an illegal darknet marketplace using cryptocurrency.
Strike Force Andalusia, a division of the State Crime Command’s Cyber Crime Squad, said they seized $4.1 million worth of cryptocurrency and arrested two suspects related to a darknet marketplace operating from Ingleburn in Sydney following a 15-month investigation, the New South Wales Police Force said Wednesday.
Who and what
Key names and topics in this story: Australian, Bitcoin.
Where to follow next
- Read the full piece at cointelegraph.com
- More from our Crypto & web3 coverage
Related stories
Bitcoin Holds $80K as Institutional Adoption Accelerates
Bitcoin faces pressure around the $80,000 level as institutional adoption gains momentum, while major crypto firms report mixed quarterly results and legal battles reshape the competitive landscape.
US government peace hopes boost stocks, gold, and Bitcoin as crude sinks
The convergence of rising stocks, gold, and Bitcoin amid peace hopes highlights shifting investor strategies and evolving asset roles. The post US government peace hopes boost stocks, gold, and Bitcoin as crude sinks appeared first on Crypto Briefing .
Crypto Biz: Wall Street wants more than just Bitcoin
Institutional capital is returning to crypto as Bitcoin ETFs surge, prediction markets mature and banks accelerate tokenized finance adoption.
US strikes two empty Iranian oil tankers as Bitcoin sheds $58 billion in market cap
The US-Iran confrontation heightens geopolitical tensions, impacting global oil prices and financial markets, with Bitcoin's volatility reflecting investor anxiety. The post US strikes two empty Iranian oil tankers as Bitcoin sheds $58 billion in market cap appeared first on Cryp