Beautiful Virgin Islands

Friday, Oct 24, 2025

UK Drug Dealers Convicted – $4.8 Millions In Bitcoin Seized

UK Drug Dealers Convicted – $4.8 Millions In Bitcoin Seized

Millions in Bitcoin were seized in a police operation. Per a report by news portal Birmingham Live, Jehanzeb Amar and Salahyndin Warsame were convicted for running a drug trafficking operation in Birmingham.

In over two years, the subjects were paid more than $4.8 million (around 3.5 million in pounds sterling) for selling “huge amounts” of illicit substances, such as cocaine, heroin, LSD, and others. Their operations were conducted in the dark web via social media as “TheOnlyLw” and “LetsWork”, the report claims.

The drugs were spread across U.K. territory via the public service of the Post Office and were allegedly brought to that country from Columbia, Peru, Bolivia, and other destinations, the substances were referred to as “New Boly” in social media. The subjects were captured by an undercover operation enforce by the local police.

Bitcoin As Payment For Illegal Activities

Post capture, the subjects confessed and pledge guilty of two charges, conspiracy to supply illicit drugs and acquisition of criminal property. Amar received a 13 years sentence and 6 months, Warsame a 10 years and 6 months sentence, as reported by the news portal. Prosecutor Michael Harrison said the following on the case:

“This case involves the online selling of Class A drugs. From February 2020 police investigated online social media sites known as LetsWork and TheOnlyLw. The main drug on offer was cocaine although other Class A drugs were available, such as heroin and LSD. Payments were to be made by cryptocurrency.“

The authorities claimed that one kilogram of the illegal substances reached a price of $66,386.60 (around 47,000 pounds sterling) and could be sold on websites with more than 1,000 subscribers.

The subjects were captured in different locations. Amar received an arrest warrant which was executed on a house, used by the subjects as a “factory to prepare drugs for sale”, as Birmingham Live stated. On the premises, the authorities recovered 2,000 Kg of cocaine and $27660.90 in cash.

Warsame was arrested in his vehicle, a Volkswagen Caddy. He was suspected to be moving to a post office. He was captured with more than 61 packages for their clients.

On a different location, in the vicinities of Hall Green, authorities recovered different fonds in Bitcoin and other cryptocurrencies. They were stored in many crypto wallets. In total, the subjects had over $5 million acquired by illicit methods.

The thesis of Bitcoin’s role in illegal activity has been defended by regulators around the world. Many times is used as an excuse to dismiss the sector and cryptocurrencies. Data shared by Former Central Intelligence Agency (CIA) Acting Director Michael Morell proves these assets are less involved in criminal activities than the U.S. dollar and fiat currency.

Morrell claims that less than 1% of BTC transactions are for non-legal purposes. The data points to a decline in this metric which stood at 7% in 2021 and has been descending ever since.

BTC is trading at $56.794 with a 7.1% profit in the daily chart. On the weekly and monthly chart, BTC has a 9.2% profit and 3.3% loss, respectively.

Source: Fintechs.fi – Fintech News

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Porsche Reverses EV Strategy as New CEO Bets on Petrol and Hybrids
Singapore’s Prime Minister Warns of ‘Messy’ Transition to Post-American Global Order
Andreessen Horowitz Sets Sights on Ten-Billion-Dollar Fund for Tech Surge
US Administration Under President Donald Trump Reportedly Lifts Ban on Ukraine’s Use of Storm Shadow Missiles Against Russia
‘Frightening’ First Night in Prison for Sarkozy: Inmates Riot and Shout ‘Little Nicolas’
White House Announces No Imminent Summit Between Trump and Putin
US and Qatar Warn EU of Trade and Energy Risks from Tough Climate Regulation
Apple Challenges EU Digital Markets Act Crackdown in Landmark Court Battle
Nicolas Sarkozy begins five-year prison term at La Santé in Paris
Japan stocks surge to record as Sanae Takaichi becomes Prime Minister
This Is How the 'Heist of the Century' Was Carried Out at the Louvre in Seven Minutes: France Humiliated as Crown with 2,000 Diamonds Vanishes
China Warns UK of ‘Consequences’ After Delay to London Embassy Approval
France’s Wealthy Shift Billions to Luxembourg and Switzerland Amid Tax and Political Turmoil
"Sniper Position": Observation Post Targeting 'Air Force One' Found Before Trump’s Arrival in Florida
Shouting Match at the White House: 'Trump Cursed, Threw Maps, and Told Zelensky – "Putin Will Destroy You"'
Windows’ Own ‘Siri’ Has Arrived: You Can Now Talk to Your Computer
Thailand and Singapore Investigate Cambodian-Based Prince Group as U.S. and U.K. Sanctions Unfold
‘No Kings’ Protests Inflate Numbers — But History Shows Nations Collapse Without Strong Executive Power
Chinese Tech Giants Halt Stablecoin Launches After Beijing’s Regulatory Intervention
Manhattan Jury Holds BNP Paribas Liable for Enabling Sudanese Government Abuses
Trump Orders Immediate Release of Former Congressman George Santos After Commuting Prison Sentence
S&P Downgrades France’s Credit Rating, Citing Soaring Debt and Political Instability
Ofcom Rules BBC’s Gaza Documentary ‘Materially Misleading’ Over Narrator’s Hamas Ties
Diane Keaton’s Cause of Death Revealed as Pneumonia, Family Confirms
Former Lostprophets Frontman Ian Watkins Stabbed to Death in British Prison
"The Tsunami Is Coming, and It’s Massive": The World’s Richest Man Unveils a New AI Vision
Outsider, Heroine, Trailblazer: Diane Keaton Was Always a Little Strange — and Forever One of a Kind
Dramatic Development in the Death of 'Mango' Founder: Billionaire's Son Suspected of Murder
Two Years of Darkness: The Harrowing Testimonies of Israeli Hostages Emerging From Gaza Captivity
EU Moves to Use Frozen Russian Assets to Buy U.S. Weapons for Ukraine
Europe Emerges as the Biggest Casualty in U.S.-China Rare Earth Rivalry
HSBC Confronts Strategic Crossroads as NAB Seeks Only Retail Arm in Australia Exit
U.S. Chamber Sues Trump Over $100,000 H-1B Visa Fee
Shenzhen Expo Spotlights China’s Quantum Step in Semiconductor Self-Reliance
China Accelerates to the Forefront in Global Nuclear Fusion Race
Yachts, Private Jets, and a Picasso Painting: Exposed as 'One of the Largest Frauds in History'
Australia’s Wedgetail Spies Aid NATO Response as Russian MiGs Breach Estonian Airspace
McGowan Urges Chalmers to Cut Spending Over Tax Hike to Close $20 Billion Budget Gap
Victoria Orders Review of Transgender Prison Placement Amid Safety Concerns for Female Inmates
U.S. Treasury Mobilises New $20 Billion Debt Facility to Stabilise Argentina
French Business Leaders Decry Budget as Macron’s Pro-Enterprise Promise Undermined
Trump Claims Modi Pledged India Would End Russian Oil Imports Amid U.S. Tariff Pressure
Surging AI Startup Valuations Fuel Bubble Concerns Among Top Investors
Australian Punter Archie Wilson Tears Up During Nebraska Press Conference, Sparking Conversation on Male Vulnerability
Australia Confirms U.S. Access to Upgraded Submarine Shipyard Under AUKUS Deal
“Firepower” Promised for Ukraine as NATO Ministers Meet — But U.S. Tomahawks Remain Undecided
Brands Confront New Dilemma as Extremists Adopt Fashion Labels
The Sydney Sweeney and Jeans Storm: “The Outcome Surpassed Our Wildest Dreams”
Erika Kirk Delivers Moving Tribute at White House as Trump Awards Charlie Presidential Medal of Freedom
British Food Influencer ‘Big John’ Detained in Australia After Visa Dispute
×