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Texas Drug Lords Unmasked: How They Crashed Crypto Party by Laundering $50K Monthly in Virtual Cash to Fund Meth Addict Epidemic

A  illustration depicting a shadowy figure holding stacks of cryptocurrency coins with pills hidden amongst them in the background, surrounded by dark web screens displaying encrypted messages.

When you think ‘dark web’, what’s the first thing that comes to mind? A group of hackers selling stolen credit cards or a bunch of wannabe Deep States peddling their wares on some obscure forum? Nope, it looks like our imagination was right all along. Six members of a Texas-based drug ring have just been sentenced for laundering up to $50K monthly in cryptocurrency – the same ‘cryptocurrency’ that’s supposed to be the holy grail of financial freedom and security. And let me tell you, these guys knew exactly what they were doing with their illicit cash: buying methamphetamine by the kilogram.

Source: bitcoin.com

Six members of a Texas-based drug ring have been sentenced for their roles in a dark web drug operation, which laundered up to $50,000 per month in cryptocurrency. The group, operating as “Loverbois,” sold nearly 12 kilograms of meth. They processed about 20 drug orders daily between July 2019 and December 2020. Sentences ranged from probation to 84 months in prison after a federal investigation dismantled the network. The U.S. […]

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