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Key Points: Operation RapTor arrests 270, seizes $200M in cash and crypto. Dark web drug networks targeted globally in sweeping action. Crypto remains central in transnational money-laundering activities. Operation RapTor involved the arrest of 270 individuals across ten countries, seizing cash and cryptocurrency valued at $200 million. The U.S. Department of Justice led this global crackdown on drug networks operating through the dark web. These actions underscore the ongoing threat posed by encrypted platforms in facilitating illicit transactions, driving coordinated international legal efforts. Operated under the Joint Criminal Opioid and Darknet Enforcement team, Operation RapTor marked the largest enforcement action targeting dark web marketplaces. Prominent entities such as Nemesis and Incognito Market were taken down, with Behrouz Parsarad identified as a primary figure operating the Nemesis market infrastructure and cryptocurrency wallets. Despite initial seizure attempts, efforts to revive these networks underline their resilience in navigating law enforcement crackdowns. DOJ Targets Global Drug Networks, 270 Arrested The operation curbed significant drug trade volumes, with over 2 tons of drugs confiscated. This includes 144 kilograms of fentanyl-laced substances, highlighting the environmental and health risks these networks pose. Statements from officials like U.S. Attorney General emphasized global collaboration, aiming to thwart the use of cryptocurrencies in drug trafficking. “Today’s operation demonstrates our commitment to stopping the flow of deadly drugs—including those flooding our communities via the darknet, using cryptocurrency as a means of commercial exchange and laundering.” – U.S. Attorney General, Department of Justice Market reactions to these developments remain muted. Major cryptocurrencies, such as Bitcoin and Monero, central in these illicit exchanges, showed little price disruption following the news. Representatives from ICE Homeland Security Investigations reiterated the importance of international alliances in dismantling these clandestine operations. Crypto Market Unfazed: Bitcoin Holds $110K Did you know? The U.S. JCODE initiative’s largest action, surpassing…

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Filed under: News - @ May 23, 2025 9:29 am