Canada confiscates $1.4M in Bitcoin from dark web drug dealer


A Canadian judge has ordered the forfeiture of approximately $1.4 million in Bitcoin found on a drug dealer’s computer as part of a criminal investigation. On Wednesday, Superior Court Justice Jane Kelly ordered that 281.41 Bitcoin be handed over to the Ministry of the Attorney General following evidence that 30-year-old Matthew Phan used the cryptocurrency to fund the purchase of a gun and illegal narcotics on the dark web. According to The Toronto Star, Phan pleaded guilty to attempting to import a gun and possessing several illegal substances including cocaine, ketamine, and PCP in December last year. In a forfeiture hearing in February, Phan…

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