Makarand P Adivirkar, known as ''cryptoking'' in some circles, was arrested for allegedly providing Bitcoins for the purchase of LSD, a psychotropic substance, to a peddler in November 2020, NCB official said
Photo used for representational purpose
The Narcotics Control Bureau (NCB) has arrested a Mumbai resident who provided Bitcoins to drug peddlers for buying narcotic drugs on dark web, an official said on Wednesday.
ADVERTISEMENT
Makarand P Adivirkar, known as ''cryptoking'' in some circles, was arrested for allegedly providing Bitcoins for the purchase of LSD, a psychotropic substance, to a peddler in November 2020, he said.
Bitcoins and other forms of cryptocurrency are often used on dark web -- websites which are not indexed and therefore cannot be accessed through regular search engines -- for illicit transactions.
The Narcotics Control Bureau had seized 20 LSD blots from a drug peddler in Kharodi village in Marve Road area of suburban Malad on November 20 last year. The drug peddler had bought them from Europe by using Bitcoins, probe revealed.
Narcotics Control Bureau officials found that Adivirkar provided Bitcoins to such persons in return for cash, the official said, adding that further investigation was on.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
