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Australian Authorities Seize Crypto Worth $1.5 Million From Alleged Drug Dealer

South Australian police have arrested an individual charged with drug trafficking and money laundering involving crypto on the dark web. The police seized cash, illicit drugs, electronic devices, and cryptocurrency worth $1.5 million belonging to the accused individual.An investigation carried out by the South Australian police, which began earlier in 2023, led to the seizures, along with the arrest of a 25-year-old man from Adelaide Hills. According to the Australian Broadcasting Corporation, the police alleged that the accused used different profiles on the dark web to market various illicit drugs. Meanwhile, there have been several instances of crypto used for criminal activities on the dark web.

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