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India dismantles the "most prolific dark web drug cartel", suspects used Monero for Money Laundering.
ChainCatcher news, the Narcotics Control Bureau (NCB) of India has arrested a 35-year-old engineer from Kerala who is suspected of operating the country's largest dark web drug syndicate and using the privacy encryption cryptocurrency Monero (XMR) to conceal transactions. In an operation codenamed "MELON", authorities seized 1,127 LSD blotters, 131.66 grams of ketamine, and Crypto Assets worth over $82,027. The suspect Edison has operated under the nickname "Ketamelon" for the past two years, sourcing drugs from global suppliers and laundering the money through XMR, transporting the drugs across India. Although XMR is privacy-centric, experts point out that privacy coins are not completely anonymous, and evidence of criminal transactions can still be traced.