Bitcoin [BTC] worth $500,000 confiscated from Dark Web drug dealer upon arrest

Gal Vallerius, also known by his nickname “Oxymonster”, was recently sentenced to 20 years in prison on counts of conspiracy, distributing drugs and money laundering. This was due to his involvement in a Dark Web marketplace known as Dream Market.

He was arrested while traveling to the United States for a beard-growing contest, when he was stopped at the airport for questioning concerning his laptop. Upon further inspection, authorities were able to find the TOR browser, login credentials for his role as a “senior moderator” on Dream Market, and Bitcoin [BTC] worth $500,000.

He earned his nickname due to his experience in managing narcotics deals on the marketplace, where he dealt in opioid, heroin and cocaine. Vallerius has since cut a plea deal and has been assisting federal authorities in the investigation against other Dark Web dealers.

The site allows users to buy and sell illegal drugs in Europe and the United States and does not require them to reveal their true identities. This provides a perfect black market for many users, leading to a joint operation to be carried out by the Drug Enforcement Authority, the Federal Bureau of Investigation, the Internal Revenue Service, Homeland Security Investigations, and the United States Postal Inspection Service.

A statement released during the trial of the accused said:

“By virtue of the size and scope of the marketplace … it was the intent of the operators and vendors on Dream Market to distribute more than 450 kilos of cocaine, 90 kilos of heroin and 45 kilos of methamphetamine.”

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