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Amid all the cybercrimes happening in the crypto ecosystem there’s a new splash directly from Seoul, South Korea. The police authorities have arrested 178 people on suspicion of drug dealing: buying, selling, and consuming.
According to JTBC, Seoul Police officers arrested 12 drug dealers as suspects and 166 of their alleged customers. The Officers also said all the arrested people had made use of the darkweb portals and crypto payments.
The Seoul Police seized a decent amount of cash worth 8500 USD, 12Kgs of Marijuana, and various classified drugs including synthetic cannabinoids, MDMA, and ketamine.
Numerous drug payments from the alleged were carried out in terms of Bitcoins (BTC). Moreover, a vast majority of drug buyers were categorized between the age group 20s and 30s. And a very few from 40 to 59 age groups.
Darkweb in The Real World
An Officer from the Department also explained the individuals used a darkweb platform that allowed prominent to-be dealers to post for free. However, it demanded a 10% commission on all transactions. The individuals were paying either in crypto forms or directly through the platform.
The Seoul Police have identified the traders, but the operators are still to be captured. The platform used darkweb technology, cryptoassets, and messaging platforms such as Telegram to naturally connect with the youngsters.
In an interview later an officer warned: “Young people with high levels of internet literacy can easily buy narcotics online. But while they may think they leave no trace of their actions if they buy narcotics using crypto assets, this isn’t the case. We have launched a dedicated investigation team and offenders will eventually be caught.”
The Seoul Police Department expressed that some of the darkweb operators may belong to Seoul’s busiest night spots.
Cybercrimes and darkweb are moving to the next level with crypto embedding in the market. It’s time for government authorities to step up before it is late to save the youth that defines a nation.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
