Federal prosecutors in the Southern District of Florida confiscated approximately $34 million in cryptocurrencies linked to illegal dark web activities.
According to the US Department of Justice (DOJ) statement, this is “one of the largest crypto confiscation actions by the US”
According to the DOJ report, officials are using Netflix and Uber on the dark web. It identified a person who made “millions of dollars” in revenue by using a pseudonym to sell more than 100,000 illegal products and hack account information for services such as
This person contacted other violators of money laundering measures according to the DOJ and hid their blockchain transaction history by exchanging various cryptocurrencies. For this reason, authorities also confiscated various cryptocurrency wallets.
The seizure was led by a multi-agency group called the Organized Crime Drug Enforcement Task Forces (OCDETF). According to the DOJ, “The core mission of the OCDETF program is to identify, disrupt, and eliminate the top-ranking drug traffickers, money launderers, and other priority international criminal organizations that threaten U.S. citizens.”
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