The Narcotics Control Bureau (NCB) has arrested 'crypto king' who used to provide bitcoin to peddlers to buy drugs from the dark web on Wednesday.
Popularly known as 'crypto king' has been identified as Makarand Pardeep Adivirkar, was involved in providing the bitcoin to purchase LSD in November 2020 from abroad. A cryptocurrency is a digital or virtual currency is a digital currency, without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
The NCB found it when in November 2020 the team of NCB in Mumbai had seized 20 LSD blots from Kharodi Village in Malad. The seized items contain psychotropic substance and were purchased from Europe by using Bitcoin by a drug peddler from Mumbai from the Dark web. Adivirkar was found to be providing bitcoins to drug peddlers in various parts of Mumbai.
According to NCB "His modus operandi was to receive cash, and provide bitcoins on marginal profits by using his wallet that was used to purchase drugs from the Darknet."
Bitcoin are used in some countries for illicit trafficking of drugs worldwide especially LSD, ecstasy, heroin, hydroponic weeds, buds among other drugs.