Tip Top Coin South Korean Man Who Bought Drugs with Bitcoin Given Jail Sentence Tech #TopStory #Usa #Miami #Nyc #Uk #CryptoMarket 👉

WEBFI NET LIVE| NEWS|TODAY|TECH| ES

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors


Source: Diko163/Adobe

A South Korean man was handed a host of punishments after a court found him guilty of buying narcotics online – using bitcoin (BTC).

News1 reported that the man, aged 43 but unnamed for legal reasons, was convicted by a branch of the Chuncheon District Court Criminal on charges of violating drug management laws.

The court heard that the man had bought methamphetamine (also known as crystal meth) on a total of eight occasions from August 13, 2020, to April this year. In each case, the man paid dealers in bitcoin.

The presiding judge, Song Jong-seon, handed the man a 10-month suspended jail sentence, in addition to three years of probation. The man was also ordered to attend a 40-hour drug treatment course and pay a fine of almost $2,190.

South Korea’s Crackdown on BTC-powered Drug Trading

South Korea has some of the strictest narcotics laws in the world. But – until recently – the police had found themselves outwitted by tech-savvy drug traders. Using darkweb portals, buyers have been able to find the contact details of vendors.

Then, using the Telegram messaging app, they have set up payments – all conducted in BTC and altcoins. These are then followed up with “dead-drop” deliveries, whereby dealers visit public places and leave bags of narcotics in hidden nooks and crannies.

Police officers have since spent funds on crypto monitoring tools that they believe have helped them secure multiple convictions.

In the case of the 43-year-old man, the court heard how, on one occasion this year, he contacted a drug vendor via Telegram before paying BTC 0.0143 into a digital wallet.

The next day, he followed instructions that led him to discover a bag of methamphetamine “hidden above the entrance to a building in Seoul.”

Earlier this year, police arrested more than 200 people on suspicion of trading drugs including ketamine, cannabis, and MDMA (ecstasy) using the Telegram app and bitcoin wallets.



 WEBFI is aimed at anyone who seeks to be informed and entertained or wants to publish their opinions and news in real time. This is an Open and Public website, your opinions and post can be seen at the front on the home page and directories. | NEWS |TODAYLIVE  NEWS | TECH | LATINO |MOVIES | ENTERTAINMENT | WEATHERNEWS HD | MAGAZINE HD| PRIVACY |  TERMS | Contact us |Register |LOGIN/OUT| TipTopCoin
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Add a Comment

error: WEBFI NETWORK website Protection and Privacy for Publishers. This content may not be copied.