CCN today reported that two crypto entrepreneurs, Steen McBeth
The two men have been arrested with various charges related to drug trafficking reported the Daily Mail. Their mode of operation: they acquired the drugs were on various darknet sites and then shipped to Australia with bitcoins as their favorite means of payment according to the police.
Sam Karagiozis, 27, and his partner Steen McBeth, 28, are both facing life sentences as the alleged masterminds of a drug ring importing cocaine. The ‘self-made’ millionaires co-founded Australian-based crypto startup
By the end of 2017, Karagiozis publicly communication the target of 1,200 ATMs across the country.
Cointed And Austria
Unfortunately, it has to be said that Bitcoins were often used for illegal activities such as drug smuggling and money laundering. Crypto ATMs should be ideally suited for this. The meanwhile collapsed Austrian crypto startup Cointed has also developed into a criminal case. Like the Australien
Founder Christopher Rieder has distanced himself from the investigations by fleeing to Turkey. There his fiancee Patricia “Tricia” N was arrested for drug trafficking in September 2018. Following the collapse of Cointed, the business partners of Rieder, Charli Aho and Daniil Orlov are allegedly also outside the EU’s sphere of access in Ukraine and Syria.
Apart from the drug abuse of its founders, Cointed has left hundreds of damaged investors and customers behind. Currently, the criminal investigation department is investigating in Austria.