Western Australian Police Force Seized 1.5 Million Worth of Crypto in a Drug Investigation
The Australian Border Force (ABF), the Western Australian Police Force announced that the force has arrested a 27-year-old man and a 25-year-old woman over drug probe, seizing and frozen an incredible amount of 1.5 million worth of cryptocurrency found in the electronic device held by the culprits.
According to the report, officers from the Australian Border Force (ABF) that alerted the Australian Federal Police and WA Police Force to the discovery. The real investigation was carried out by detectives from the WA Police Force’s Meth Transport Team.
"The ongoing partnerships between state and Commonwealth law enforcement agencies continue to provide WA Police Force with new intelligence and new lines of investigation to act on," said Detective Senior Sergeant, Paul Matthews, Officer in Charge of the Drug & Firearm Squad.
The amount of cryptocurrency seized, according to Matthews, can be taken as the highest value the Western Australian Police Force has seized.
"While WA Police Force has seized millions of dollars’ worth of physical property and bank account assets in the course of several drug investigations, particularly those involving established criminal networks, the identification and freezing of over $1.5million of cryptocurrency in these circumstances highlights the current digital environment in which law enforcement agencies must operate."
The report alleged that the culprits imported 27.5g of MDMA drug tablets and 27.5g of MDMA powder from the UK, which was concealed in a children’s toy painting kit. However, the police were able to identify the cryptocurrency by using their latest technologies and digital forensic techniques, which allow them to examine all availed means of holding financial assets. The said device targeted all forms of wealth, which were likely got from the illicit drug trade.
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