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Europol and the Spanish Civil Guard have confiscated $ 5.2 million worth of cryptocurrencies plus 800,000 doses of LSD- the biggest LSD confiscation in Europe.

In addition to the above, Fortune reported that the authorities also seized € 3.3 million ($ 3.85 million) in the fiat currency and properties. Eight individuals characterized as an “organized crime group” have been arrested for carrying out these illegal operations.

The Spanish Guarda Civil working with Europol, the European Union Agency for Law Enforcement, arrested eight people after searching six houses in Spain and one in Austria. The bust also seized €2.3 million ($2.7 million) in cash and bank accounts, three pieces of real estate valued at €1 million ($1.15 million), and ten luxury vehicles.

Dealing with drug sales in over 100 countries

The eight members were operating on the market since 2012 (still likely to have been earlier) and have been dealing with drug sales in more than 100 countries via dark web marketplaces. In order not to be discovered and to deliver the products using standard methods, the crime group masked the items as legal ones. They owned two drug laboratories, which were closed immediately after the authorities identified them: one in Spain and one in Austria.

Two of the web pages managed by the organization enjoyed a great reputation, being the most known and exclusive worldwide in this field,” reported Europol.

As reported this week by Coindoo, the US Department of Justice (DOJ) has confiscated more than $ 20 million worth of Bitcoin (BTC) and other crypto assets from a case that resulted with 35 arrests. It is assumed that the drug vendors would hide another 2,000 BTC.

The most famous cryptocurrencies used in cryptojacking are Bitcoin (BTC), Litecoin (LTC), and Monero (XMR). Virtual currencies confiscated by authorities are mostly auctioned after the investigation is completed.

During 2017, US authorities collected $ 48 million from Bitcoin’s confiscated bidding. In the first quarter of 2018, they auctioned another $ 52 million worth of cryptocurrencies seized from a tricky drug case.

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