USSS

A man in San Francisco, California, was recently sentenced to 87 months in prison for using Bitcoin to launder money from MDMA drug transactions on the dark web. This arrest is part of Operation Crypto Runner, a multi-year investigation aimed at dismantling cryptocurrency money laundering networks in the U.S.

Bitcoin Money Laundering: A Sophisticated Model on the Dark Web

According to investigators in Texas, 29-year-old John Khuu imported #MDMA from Germany and sold it on various online black markets. Customers paid with Bitcoin, and Khuu then converted Bitcoin into cash through hundreds of transactions and multiple financial accounts to conceal the illegal origins of the funds.