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Australian police seize $1 million worth of cryptocurrency in new drug case

Posted on October 26, 2022 by admin

Australian police seize $1 million worth of cryptocurrency in new drug case

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Answer Australian police seize $1 million worth of cryptocurrency in new drug case

Australian police have seized a number of cryptocurrencies worth 1.52 million Australian dollars (nearly one million US dollars) in a new drug case.

announced Australian police today have arrested a 27-year-old man and a 25-year-old woman in a drug-related case.

The man and woman allegedly imported a number of drugs from the UK that were hidden in a children’s toy paint kit.

As part of the investigation, Australian police seized a digital wallet that held A$1,524,102 worth.

Paul Matthews, who is in charge of the Australian Police’s drug squad, said:

Read:$262M worth of Ethereum moved to Binance as Ethereum price drops

The amount of cryptocurrency seized is believed to be the highest of its kind ever made by Western Australian Police.

He added:

The identification and seizure of cryptocurrencies worth over A$1.5 million highlights the current cryptocurrency environment in which various law enforcement agencies must intervene.

Both the man and the woman were accused of attempting to possess drugs with intent to sell, and they previously represented in court last November and are scheduled to appear in court today in a new session.

Read:Appointment of the former head of the Office of the Comptroller of the Currency (OCC) as CEO of US Binance

Read also:

Beware … a fraudulent project claims to be linked to the “Cardano” project

A story of scams in the cryptocurrency world: Project Sparkster


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