Press "Enter" to skip to content

Drug Dealers Use Bitcoin: Young Man Arrested in India

Law enforcement companies make their greatest efforts to fight criminals performing drug transactions through the darknet. On August 24, the Indian Narcotics Control Bureau arrested a younger man for purchasing ecstasy capsules utilizing Bitcoin.

The buy value round $26,735 and was a contraband cargo from Germany. After regulation enforcers
detected the parcel ordered through the darknet, they tried to trace down the recipient. That is how they’ve uncovered the 24-year-old resident of Kerala, Bengaluru, named Ok Rahman.

The man turned out to be a drug vendor. He has beforehand ordered massive quantities of medication on the darknet utilizing bitcoin. Upon receipt, he distributed the unlawful items amongst native youth, largely college students. Currently, the vendor is in judicial custody.

Bitcoin transaction quantity decreases

Despite many criminals seeing bitcoin as a safe-haven for protecting their tracks, currently, there was a major lower in Bitcoin transactions on the darknet, in accordance with CoinIdol, a world blockchain information outlet.

It has partially been attributable to the strengthening of laws in the sphere. Besides, lots of those that want to cowl criminal activity with cryptocurrency select altcoins like Dash or Monero for his or her enhanced privateness options.

Strengthening forces

On the opposite hand, regulation enforcement buildings have additionally strengthened their measures for combating cryptocurrency criminals, resulting in a rise in the general crime detection fee. To battle the rising variety of crimes and scams attributable to the COVID-19 pandemic, they discover the potential of revolutionary applied sciences.

For occasion, Interpol is engaged on an enhanced analytics platform to trace crypto transactions on the darknet. The company plans on partaking technique of Artificial Intelligence and robotics to enhance their productiveness. Generally, they take into account these techs to be the way forward for analytics.

Unfortunately, the efforts made by regulation enforcers don’t cease the crime fee progress attributable to the pandemic and international disaster. However, in the long-term perspective, these efforts would possibly yield fruit and a minimum of forestall criminals from getting away with their deeds.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *