Deep Web Busts, Theft and Recovery of Bitcoin

By August 28, 2016Bitcoin Business
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Germany is leaning hard on drug trafficking over deep web. In a recent development, the German law enforcement authorities have seized over $400,000 in Bitcoin from four deep web drug dealers they arrested.

Since last month, Germany has stepped up its investigations into “illegal” dealings on cyberspace. According to reports, the four arrests were made by officers from a joint investigation group involving the Central Office of Cybercrime and the Federal Customs Administration. The arrests were made after officials raided 6 different properties in Eastern Bavaria a couple of weeks ago.

Among the things seized during the arrests included 11 kilograms of amphetamine, 1425 ecstasy pills, 645 grams of marijuana, 250 grams of heroin, 175 grams of MDMA and 150 grams of cocaine. They also recovered $150,000 in fiat currency and 72 marijuana plants. The drug traffickers were said to be using an encrypted P2P messaging software, Bitmessage to communicate with their customers. One of the arrest accuse goes by the name of “WhiteDragon” and is well-known in the deep web forums.

Deep Web Sheep Marketplace Owner in Deep Trouble

In another deep web related news, the South Moravian law enforcement agency is charging Tomáš Jiřikovský, the owner of Sheep Marketplace with the theft of millions of dollars’ worth of bitcoin. Tomáš Jiřikovský was arrested last year for his role in enabling drug trade over Sheep Marketplace.

Sheep Marketplace gained prominence in the deep web after the downfall of Silk Road. However, unlike the latter, it wasn’t taken down by law enforcement, but by the owner himself who decided to run away with customers’ money. A detailed investigation into the incident is said to have revealed huge deposits into the bank accounts of Tomáš Jiřikovský’s family members. These deposits combined with his recent expenses worth over $800000 led to the identification and subsequent arrest.

Currently, Tomáš Jiřikovský is facing up to 12 years in prison for enabling drug trade and stealing Bitcoin. His wife is also being charged with money laundering and if convicted, she may face 8 years of jail time says the report.

Ref: DeepDotWeb-1 | DeepDotWeb-2 | Image: NewsBTC

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