For the first time in U.S. history, Bitcoins worth $2.3 million were seized from U.S. drug dealer
The court sentenced an American man to eight years in prison for drug trafficking, seizing $2.3 million in bitcoins. This is the first case where digital assets have been seized in favor of federal authorities.
According to the Boston Herald, 25-year-old Binh Thanh Le created the EastSeyHigh store in Darknet. For almost three years, he sold synthetic drugs, including ecstasy, ketamine, and generic Xanax. He made a total of about 59 Bitcoins on that trade. Aside from confiscating them, the police also seized $115,000 in cash and a BMW M3 car.
“This sentence sends a clear message to Dark Web criminals: the federal government is entering this space. We will find you and you will be held accountable,” said Massachusetts U.S. Attorney Rachael Rollins in a statement. “Thanks to the incredible work of our law enforcement colleagues, there is one less cybercriminal hiding in the shadows.”
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