Cyber

<ul>
 <li>These Irish police arrested 25 people and seized $7. 1 million in cryptocurrencies, which were found in connection to a police raid on the darknet in North County Dublin.</li>  
 <li>The Irish police conducted the above sting operation with the Garda National Cyber Crime Bureau and the Armed Support Unit also grabbing items such as expensive cars and watches.</li>  
 <li>Three individuals were arrested on legal incidences touching on criminal organization and money laundering as Ireland intensifies its crackdown on cybercrimes.</li> 
</ul>  
<p>In a crackdown on cyber criminals, the Irish police arrested 25 people. In a raid, they seized cryptocurrency valued at approximately €6.5 million ($7.1 million) in North County Dublin. This operation was spearheaded by the Garda National Cyber Crime Bureau (<a href="https://www.garda.ie/en/about-us/our-departments/office-of-corporate-communications/press-releases/2024/august/gnccb-investigation-into-darknet-markets-and-money-laundering-involving-cryptocurrencies-north-co-dublin-5th-august-2024.html" target="_blank" rel="noopener noreferrer nofollow">GNCCB)</a> and further entailed the seizure of other properties such as cars and watches. The operation was carried out on Monday. Its main focus was unlawful conduct within the darknet, demonstrating the next stage in combating <a href="https://cryptonewsland.com/operation-spincaster-exposes-major-crypto-wallet-breach-across-australia/" target="_blank" rel="noopener noreferrer nofollow">criminals </a>working in the digital realm.</p>  
<h2 class="wp-block-heading" id="h-seizure-of-cryptocurrency-arrest-and-legal-actions">Seizure of Cryptocurrency, Arrest, and Legal Actions</h2>  
<p>This was conducted by the GNCCB with assistance from the Armed Support Unit and yielded about €6.5.Besides these digital assets, authorities also recovered watches that were valued more than €120, 000 and two luxury cars that were worth up to €220000. The authorities have estimated that the assets were acquired through criminal proceeds, such as money mules and buying from completely anonymous trading sites like the dark web.</p>  
<p>Three individuals have been arrested in connection with a criminal group suspected of engaging in money laundering. The arrested individuals include a 23-year-old man, a 49-year-old man, and a 32-year-old woman.</p>  
<p>The 23-year-old man is currently in custody and has been charged with assisting criminals under section 72 of the Criminal Justice Act 2006. The 49-year-old man and the 32-year-old woman were arrested for money laundering under section 15 of the Criminal Justice (Money Laundering and Terrorist Financing) Act 2021. They have been released pending legal formalities.</p>  
<h2 class="wp-block-heading" id="h-cybercrime-impacts-and-continued-initiatives">Cybercrime Impacts and Continued Initiatives</h2>  
<p>Detective Superintendent Michael Mullen of the GNCCB pointed out that it was a well-coordinated process that was explosive in terms of dismantling the<a href="https://cryptonewsland.com/russian-big-boss-busted-by-us-and-french-operatives/" target="_blank" rel="noopener noreferrer nofollow"> darknet</a> criminals. He said that the operation sends a clear message to anybody involved in unlawful activities, especially those who are using technologies such as cryptocurrency.</p>  
<p>They described this raid as one of Ireland's largest operations against cryptocurrency-linked crimes. It underlines how difficult it is to combat digital currencies as tools for organized crime. As the investigation progresses, authorities anticipate taking further action to dismantle the support network for illicit activities conducted through the darknet.</p> 
<p>The post <a href="https://cryptonewsland.com/darknet-marketplace-targeted-irish-authorities-seize-7-1m-in-crypto/" rel="noopener noreferrer nofollow">Darknet Marketplace Targeted: Irish Authorities Seize $7.1M in Crypto</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Darknet Marketplace Targeted: Irish Authorities Seize $7.1M in Crypto

Table of Contents

Crypto News Land

Other articles published on Aug 9, 2024

Winklevoss Twins Take Sly Dig At Kamala Harris' No-Show At The Latest Roundtable: 'Don't Worry, S...

Coinbase expects summary judgment in SEC, FDIC case by 2025

Cathie Wood's Ark Invest Continues Loads Up On $6.05M Worth Of Robinhood Shares Amid Bitcoin Rebo...

Bitcoin, Ethereum, Dogecoin Rebound Sharply, Reverse Monday Losses: This Popular Analyst Is Takin...

Grayscale Expands Crypto Offerings with Bittensor and Sui

Bitcoin, Ethereum, and XRP Show Mixed Momentum

Join our free newsletter for daily crypto updates!