Dutchman arrested for laundering bitcoins from the dark web

Published on 22 November 2022 at 15:12

The Dutch Fiscal Intelligence and Investigation Service (FIOD) has arrested a 43-year-old man from Central Groningen. The man is suspected of laundering bitcoins (BTC) through BTC ATMs. The FIOD reports this in a press statement.

Bitcoin laundered via 'BATMs'
The man from the municipality of Central Groningen is said to have laundered bitcoins using so-called bitcoin ATMs (BATMs). You can buy and sell Bitcoin through these ATMs with cash.

 

The FIOD reports that the man was arrested in his home in Veendam, after which he was taken for questioning. After this interrogation he was sent home again. The FIOD also searched the house in Veendam where it seized “digital and physical administration, data carriers and cash.”

 

It is possible that the data carriers contain bitcoin wallets. The FIOD has been investigating the man for some time, as can be read in the statement:

“It became clear from the investigation that the man had been exchanging high-value bitcoins through various exchanges for a long time. He owned far more bitcoins than he had demonstrably purchased himself or could have purchased with his limited income.”

 

BTC would come from the dark web
The bitcoins laundered by the man probably came from the dark web. For example, the FIOD reports that there are links with the dark web, a place within the worldwide web where drugs are traded, among other things. The investigation into the man is currently ongoing. It is not yet clear if and when the man will be charged.

 


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