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J-CODE Team Seizes Millions In Crypto After Busting A Dark Web Operation

Stefan by Stefan
28/03/2019
in Blockchain News
Reading Time: 2 mins read
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Brazilian Official And Bitcoin Pharaoh Suspected Of Money Laundering
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The Joint Criminal Opioid and Darknet Enforcement or the J-CODE team, has officially managed to successfully make 11 arrests and seized millions in cryptocurrency after busting a dark web operation which involved international drug traffickers. For more info, read the story in the crypto news below.

J-CODE is an organization of multiple agencies such as the FBI, DEA, USPIS and HIS in the United States but also include other international partners as well. This is the organization’s second operation since last year where eight people were arrested.
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The J-CODE team arrested 61 people and closed more than 50 darknet accounts that were involved in criminal activity. The law enforcement agencies sized about 300 kilograms of drugs, $7 million of which $4.5 million in cryptocurrency and $2.48 million in cash. There were also 51 firearms seized and $40,000 in gold.

The Director of the FBI Christopher Wray stated:

 “Law enforcement is most effective when we work together, and J-CODE is the global tip of the spear in the fight against online opioid trafficking. Criminals have always adopted innovations and new technologies to achieve their illicit goals, and it’s our job to adapt and remain ahead of the threat.”

The report also stated:

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“Operation SaboTor demonstrates not only the strength of our partnerships across the U.S. government and abroad but how we’re able to capitalize on those partnerships to disrupt criminal activity, even when they try to hide it on the Darknet.”

Uttam Dhillon, the Acting Administrator of the DEA stated that the agency will still collaborate in order to disrupt and destroy drug trafficking organizations:

 “Drug traffickers will be held accountable for the pain and death they cause, regardless of what technology they use.”

The international partner Europol’s Director Catherine De Bolle said in her statement that when you purchase something on the dark web, the transaction is still traceable so you are easily noticeable for the law enforcement. She continued:

‘’This international coordinated approach demonstrates law enforcement’s determination to tackle crime on the Darkweb and to reduce the number of people who fall victim to criminals selling life-endangering products or scamming them for their own gain.”

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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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