Australian Federal Police Confiscate $2 Million and 30 Kilograms of Drugs from Crypto Crime Cartel

Two male suspects involved in a cryptocurrency financed drug cartel have been apprehended in Melbourne by the Australian federal police.

AFP Statement

According to an article from TNW, with the help of a bunch of search warrants, the Australian federal police (AFP) was able to confiscate “cryptocurrency related items”, steroids, and undisclosed amounts of the Australian dollar.

One of the suspects, a 26-year-old, was found with 30kg of MDMA, methamphetamine, cocaine and other illicit drugs. He was charged with being a major player in the illicit drug transport and trade and will be charged with offenses bearing a maximum life sentence.

Further Investigation

To aid the proper investigation, the responsible government agency has suspended the business registrations of the two crypto exchanges in which the suspects had directorship roles.

One spokesperson commented saying:

“[Our] role is to deter and disrupt criminal exploitation of Australia’s financial system and we take swift action where we there is a reasonable risk of compromise“.

“Our decision to suspend the registration of the two businesses means they can no longer lawfully operate.”

To aid their drug purchase and distribution, the suspects used Bitcoin accounts, laundering through legitimate businesses, and websites on the dark web. An order by a court has granted the seizure of different properties linked to their criminally related activities.

The police have confiscated over $2 million worth of property, cars, motorbikes, and cash. They also confiscated landed property and froze associated bank accounts.

Related Major Case

A Victoria illicit drug importation case in 2017, has been found to be linked to this case. The investigation of the Australian state of Victoria case led to the confiscation of 33kg of hard drugs, a Lamborghini car, and cash. 2 people were also arrested in relation to the case in 2017.

On a lighter note, according to “at least those goons were on brand”.


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