German Police Bust Largest Dark Web Store ‘Chemical Revolution’ Where Users Paid Bitcoin For Drugs
The latest development by the authorities in Germany was contained in a press release issued by the office of the Federal Criminal Police Office. The authorities have officially arrested 11 suspects in connection with the case.
Bitcoin Criminal Gang
The police also shut and seized the site’s servers, so as to get relevant information to nail the suspected culprits. The French police also supported their German counterparts in fighting this new menace that is threatening to sweep over all European countries.
Although authorities have been on this case for a long time, the investigation took a dramatic turn when a 26 years old German national from Brandenburg was arrested in spring last year. Upon his arrest, the police found some incriminating objects from him, some of which includes 50 Kilograms of amphetamine, 16 Kilograms of cannabis, 2 Kilograms of MDMA, 600m grams of heroin, and a high number of ecstasy tablets and the LSD trips.
Crypto Aided Drugs In Europe
The arrest of the suspect on May 28 has led to so many other arrests, as the suspect is cooperating fully with the police, his statement so far is helping the police in the course of their investigation.
Also arrested was 43-year-old Dutch national on February 13, while he was handing over 14 Kilograms worth of various drugs to customers in Hamburg. The drugs in his possession were said to be procured from the Netherlands but carefully transported to Germany, from where it will be sold to their eager customers.
A man who specializes in the transport of the drugs from their base to Germany was also arrested and currently cooling his heels with the police.
The crackdown on dark websites and marketplace in Germany took a new turn when the German authorities sought the help of the Polish, Dutch, Spanish and French Police to fight the menace.
The cross country policing made it very hard for the criminals to escape and the result is the demolition of various sites and arrest of several criminals in Germany and Europe as a whole.
Cryptocurrency is now a force to reckon with in Europe, but the big names are still sceptical about the digital currency market, due to the high level of crime that’s associated with it and the ‘’prone to hacking’’ reputation it has gained in recent years.
Bitcoin Exchange Guide reported last month that the European Central Bank released a new paper on Cryptocurrency and financial stability on the continent.
The bank apex body subscribed to the view of the crypto space that the virtual currency is stable and does not pose any threat to financial stability in Europe.
But, if they are to be taken seriously, all manner of crypto-related crime must be flushed or reduced to its barest minimum.