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    Home » Crypto News » Indian Police Arrested ”Crypto King” Who Traded Drugs for Bitcoin

    Indian Police Arrested ”Crypto King” Who Traded Drugs for Bitcoin

    Author: Dimitar Dzhondzhorov

    Last Updated Jun 20, 2021 @ 05:28

    The ”Crypto King” will wait to hear his punishment after being arrested for trading drugs with bitcoin on the Darknet.

    India’s Narcotics Control Bureau (NCB) arrested Makarand Pardeep Adivirkar, better known as the ”Crypto King”, on suspicion of purchasing drugs from the Darknet using bitcoin. Apart from Indian peddlers, the criminal also bought narcotics from European ones.

    LSD for BTC

    The NCB announced that it arrested a suspect who allegedly exchanged bitcoin for LSD. He was later identified as Makarand Pardeep Adivirkar, a.k.a. the ”Crypto King”. The criminal operated on the notorious Darknet, where numerous outlaws trade illegal substances like drugs and weapons:

    ”His modus operandi was to receive cash, and provide bitcoins on marginal profits by using his wallet that was used to purchase drugs from the Darknet.”

    The investigation revealed that it found 20 LSD blots in Kharodi Village, Malad. The Director of the Mumbai Unit of NCB – Sameer Wankhede – informed that the ”Crypto King” has connections with European drug dealers as he bought the narcotics from Europe:

    ”In November 2020, a team of NCB Mumai had seized 20 LSD blots from Kharodi Village in Malad. The seized psychotropic substance was purchased from Europe by using bitcoin.”

    The NCB will conduct a further investigation on the case. As of the moment, it remains unclear what punishment Adivirkar will face.

    The Dark Side of Crypto

    Recently, another suspect was arrested for processing $25 million worth of BTC illegally. Kais Mohammad – a resident of the luxurious part of Los Angeles Orange County – will spend the next 24 months in federal prison for operating an illegal BTC ATM service.

    ADVERTISEMENT

    The criminal, also known as ”Superman29” pleaded guilty to the charges of operating unauthorized money transmitting business, money laundering, and so forth.

    Mohammad was the leader of the illegal digital currency money services business – Herocoin – from December 2014 to November 2019. During this period, he offered Bitcoin-to-cash exchange services, charging fees of up to 25 percent – significantly above the usual market rate.

    Interestingly, most of his clients were criminals and he never cared about the source of their funds. The US authorities even put into action undercover agents, who reached out to the outlaw for his services. They told him that their money comes from prostitution, human trafficking, and dark web activities, but Mohammad still did business with them and exchanged the cryptocurrency.

    In addition to the two years that he has to spend behind bars, ”Superman 29” also agreed to give over 17 BTC ATMs, 18.5 BTC, 222.5 ETH, and $22,820 in cash to the authorities.

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    Tags: Bitcoin India
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    About The Author

    Dimitar Dzhondzhorov
    More posts by this author

    Dimitar got interested in cryptocurrencies back in 2018 amid the prolonged bear market. His biggest passion in the field is Bitcoin and he was fascinated with its journey. With a flair for producing high-quality content, he started covering the cryptocurrency space in late 2018. His hobby is football.

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