US Government Seizes $700,000 in Digital Assets Following Drug Arrest

After the recent announcement that US Marshal’s will auction off 660 seized Bitcoins, it seems that the US government has gotten their hands on some more digital assets. Dark web drug peddler, Oxymonster, has been arrested for the sale of restricted substances, the Grade-A drugs Ritalin, fentanyl, oxycodone, cocaine and heroin among other illicit activities. The dealer, no longer operating under the pseudonym, Gal Vallerius, has been convicted and sentenced to 20 years in a Florida prison.

The cyber-dealer, was apprehended at the Atlanta airport last year. While in custody by local law enforcement, Vallerius, was charged with money laundering and narcotics trafficking. Judge Robert Scola presided over his case, delivering the 20 year sentence.  Included in the sentence was the seizure of the criminal’s crypto assets projected to be valued at $700,000.

Oxymonster also confessed to selling Grade-A drugs for Bitcoin (BTC) and bitcoin cash (BCH). The case reported that over 100 transactions took place over the digital blackmarket. The drug dealers assets accounted for in his wallet addresses included 100 BTC and 121.95 BCH.

While the US Marshal’s have recently posted about their auction of 660 seized bitcoins, there has yet to be any news if Oxymonster’s assets will also be sold to the highest bidder.