September 26, 2022

Australian authorities confiscated $ 1 million in cryptocurrency from drug dealers

Australian authorities confiscated $ 1 million in cryptocurrency from drug dealers

During an operation to expose drug dealers, police in Western Australia confiscated cryptocurrency on the amount of 1.5 million Australian dollars (~ $ 1 million).

So, the police detained a 27-year-old man andA 25-year-old woman importing from the UK pills of a methylenedioxymethamphetamine drug (ecstasy) that were hidden in a children's drawing set.

As part of the investigation, authorities also managed to seize an electronic wallet, which stored cryptocurrency in the amount of 1524 102 Australian dollars.

Detective Paul Matthews said:

The identification and seizure of funds worth more than $ 1.5 million in cryptocurrency is emphasized by the fact that the current digital environment requires the intervention of law enforcement agencies.

Both the man and the woman were charged for trying to store drugs for sale or delivery.

Using the latest technology and digital techniquesforensics, we carefully examine all possible methods of storing financial assets and target all forms of wealth that can be obtained as a result of the illicit drug trade, ”said Matthews.

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