TechFlow News, May 8: According to a Cointelegraph report, after a 15-month investigation, New South Wales Police in Australia seized 52.3 bitcoins—valued at approximately AUD 5.7 million (about USD 4.1 million)—and arrested two suspects allegedly operating a dark web marketplace in Ingleburn, Sydney. Authorities stated that the seized bitcoins are suspected proceeds from illegal dark web activities linked to drug and weapons trafficking. The operation was conducted by Strike Force Andalusia, the cybercrime unit of the State Crime Command, and is considered one of the largest dark web-related cryptocurrency seizures ever carried out in Australia. Meanwhile, AUSTRAC has recently intensified its anti-money laundering (AML) oversight of domestic virtual asset service providers and cryptocurrency exchanges.
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