$400,000 In Bitcoin Seized in the Arrest of German Deepweb Vendors

We reported in July that German law enforcement was planning to crack down on deepweb vendors, and the results of their increased cyber investigations have been paying off.

A joint operation between Germany’s Central Office of Cybercrime and the Federal Customs Administration has led to the arrest of four German individuals involved in deepweb narcotics trafficking.

On August 11th, German law enforcement conducted searches of six properties in eastern Bavaria where the four suspects allegedly conducted business. The search resulted in the finding of 11 kilograms of amphetamine, 150 grams of cocaine, 250 grams of heroin, 175 grams of MDMA, 1,425 ecstasy pills, 645 grams of marijuana, and an indoor growing operation with 72 marijuana plants in various stages of growth. Cash was also seized and the approximate market value of the drugs, according to a German news outlet, was around $150,000.

Computers and hard drives were seized, leading to the discovery of a bitcoin wallet containing close to $400,000 worth of bitcoin. An arrest warrant was issued the following day and all four men were taken into custody. It appears these men were two 31-year-olds, a 54-year-old, and a 25-year-old.

The bitcoin wallet belonged to one of the men

Read more ... source: TheBitcoinNews