Bitcoin Dark Web Drug Ring Busted After Using Their Real Identity To Buy Stamps On Stamps.com
- Drug dealers have been captured by U.S. law enforcers
- The criminals were using Bitcoin as a means of payment
Law enforcement officials busted a Bitcoin dark web drug ring after one of the dealers used pre-printed postage online using his real identity. The dealers had managed to sell $9 million worth of counterfeit Adderal. In order to process the payments, they accepted Bitcoin (BTC) in order to remain more anonymous.
Drug Dealers Captured After Using Their Real Identity
According to Quartz, undercover federal agents spent six months purchasing Adderall on the Dream Market, a dark web site that worked with stolen personal data and narcotics. Apparently, the pills were sold by Tzu Yang “Issac” Lin. The drugs were sent using the U.S. Postal Service.
At the same time, a Taiwanese national called Meng Ting “Leo” Hu was the person that supplied these drugs. After realizing that Hu paid for postage online, federal agents realized that he was involved in this group. This is why they decided to follow him and gather more information about him. In this way, they witnessed him sending boxes that contained these drugs to Lin.
After that, Lin dropped off 87 Priority Mail envelopes into a mailbox. According to the reports, the business was opened since 2017 and they were delivering drugs to many clients they had on the dark web. Indeed, Lin could have been responsible for over 8,000 individual sales accounting for more than $8.8 million in sales.
All of these transactions were paid in Bitcoin, the most popular digital currency in the market. This is not the first time that there is a criminal group dealing with drugs using Bitcoin and other virtual currencies. The digital asset can be moved across borders and jurisdictions in a fast and cheap way and without giving information about the owners of the funds.