Darknet Dealer Forfeits $2.3 M in Bitcoin, Sentenced to 8 Years

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Binh Thanh Le of Brockton, Massachusetts, has actually been sentenced to 8 years in jail and will surrender roughly $2.3 million worth of Bitcoin after beginning the “EastSideHigh” darknet market, per theBoston Herald

“This sentence sends a clear message to Dark Web criminals: the federal government is entering this space. We will find you and we will hold you accountable,” Massachusetts U.S. Attorney Rachael Rollins stated.

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“Thanks to the incredible work of our law enforcement colleagues, there is one less cybercriminal hiding in the shadows,” Rollins included.

Following his jail sentence, Le will be monitored upon release for 3 additional years.

EastSideHigh

Le began EastSideHigh when he was 22 years of ages– offering drugs like Xanax, euphoria, and ketamine.

His illegal service created him an earnings of roughly 59 Bitcoin, which were very first taken in a March 2019 police operation. Today’s news suggests that this taken Bitcoin is now being surrendered.

At the time, the funds deserved roughly $200,000– well shy these days’s cost of over $2 million.

In addition to the above funds, Le likewise held over $114,000 in money and created over $42,000 from the sale of an utilized automobile.

In June 2019, Le was then prosecuted with 2 other people for conspiracy to make and disperse drugs. At the time of the seizure, police came across over 44 pounds of euphoria, more than 15 pounds of ketamine, and over 10,000 Xanax tablets.

Darknet markets and crypto

Due to cryptocurrencies’ censorship resistance, they have actually often been connected to darknet legal cases.

In August 2021, Maryland’s “Xanaxman” dark web drug dealership–Ryan Farace– was supposedly discovered to have actually continued his transactions while in jail– following a forfeit of 4,000 Bitcoin in November 2018.

Three days prior to Christmas in 2015, Khuran Iqbal was imprisoned for trading crypto on the dark web. In 2014, he was imprisoned for sharing terrorist publications and belongings of terrorist info.

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