A record amount of cryptocurrencies was seized in a drug bust in South Australia.
7NEWS Adelaide reported the largest dark web drug bust in the state in South Australia. Three people were apprehended by South Australian police.
Authorities seized a pile of cash, a motorcycle and a record amount of cryptocurrencies worth AUD 700,000 (US$499,301). In addition, a large number of drugs containing LSD and cocaine were seized.
They Traded Illegal Substances, Receive Payments In Cryptocurrency
Allegedly, smugglers using dark web forums to trade illegal substances from abroad were also receiving payments in crypto money.
The drug traffickers will remain in custody for the time being after being investigated on several charges, and will be tried next year.
In August, Victoria Police seized $8.5 million worth of Bitcoin linked to the infamous Silk Road market, which was shut down by US authorities in 2013.