Report: Australian Police Seize Crypto Worth $1.5 Million From Dark Web Drug Dealer

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The police in the Australian state of South Australia recently seized cryptocurrency worth $1.5 million from an alleged dark web drug dealer. Police also recovered a “large quantity” of the synthetic opioid nitazene as well as tens of thousands of dollars in cash.

‘Illicit Activity on a Dark Web Marketplace’

Police in South Australia, a state in the southern central part of Australia, recently seized cryptocurrency worth $1.5 million from an alleged dark web drug dealer. According to an ABC News report, law enforcement also confiscated a “large quantity” of drugs and electronic devices from an unnamed 25-year-old man.

Explaining how the operation against the alleged drug peddler was carried out, Adam Rice, the South Australian Detective Superintendent, said:

“The investigation identified illicit activity on a dark web marketplace, attributed that activity to a real-life person in South Australia, identified and traced cryptocurrency used in the offending and then ultimately led to a successful search and seizure operation.”

Among some of the drugs seized during the raid on a residential house and two storage units was a synthetic opioid known as nitazene. Authorities in the state are concerned the drug, which is highly toxic and has never been approved for human consumption, could be linked to two overdose cases in which one person died.

Meanwhile, the report also revealed that law enforcement officers also recovered tens of thousands in cash when they raided premises in Adelaide Hills.

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