Silk Road drug lord forfeits $150m in DEA’s largest ever crypto seizure
A Silk Road drug lord who was extradited from the U.K. admits to operating an illicit drug network and surrenders $150 million in crypto . According to the U.S. Department of Justice, Banmeet Singh, a 40-year-old individual from Haldwani, India, has pleaded guilty to operating an illegal drug distribution network. He utilized various dark web platforms, including notable ones like Silk Road, Alpha Bay, and Hansa, for selling an array of controlled substances. Singh’s operation involved customers placing orders through his online storefronts and paying in crypto currencies. He then facilitated the shipment of these drugs, primarily from European sources, into the U.S. via postal services or other delivery methods. Banmeet Singh plead guilty today in a dark web narcotics case involving $150 million, which is believed to be the largest single crypto currency financial seizure in DEA history. Read more about it here https://t.co/fxcNXfBNbu. pic.twitter.com/i372s0Z9zl ...