Makarand Pardeep Adivirkar, also known as “Crypto King” — a notorious Indian criminal who trades cryptocoins for drugs — was finally arrested by Indian police.

Indian Narcotics Control Bureau (NCB) arrested Adivirkar for suspicions of buying drugs from the Darknet using Bitcoins. NCB said that Crypto King buys from both Indian and European drug peddlers.

Surprising discovery

According to the results of the investigation, the authorities found 20 LSD blots in Khardoni Village, Malad. The psychotropic substance was discovered to originate from Europe and was purchased using cryptocurrency.

They also found out that his chosen method was to receive cash and send bitcoins on marginal profits using his digital wallet.

NCB is set to conduct further investigation on the case. As of the moment, the bureau has not yet disclosed the specific criminal charges against Adivirkar.

Another crypto criminal

Adivirkar wasn’t the first “crypto criminal” arrested in India. Recently, a man dubbed as “Superman 29”, whose real name is Kais Mohammad, was arrested for illegally processing $25 million worth of bitcoins.

He was later found guilty of money laundering, operating a money transmitting business without a government permit, and other strings of money-related crimes.

Authorities said that he was the head of Herocoin, an illegal currency money service business that offers bitcoin-to-cash services. The business charges 25%, which is very high compared to the usual rate in the market.

Undercover agents foiled his illegal business by posing as clients who pretended to run businesses related to human trafficking, the dark web, and prostitution.

Fortunately, authorities outlawed Mohammad’s operations, and as a punishment, the “Superman” will have to spend two years behind bars.

Image courtesy of Cointelegraph News/YouTube

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Source: https://bitcoinerx.com/blockchain/indian-authorities-finally-capture-crypto-king/