US DOJ Accuses Dream Market Admin of Turning Crypto Into $1.7 Million in Gold Bars
BeInCrypto
The US Department of Justice has charged a German man for allegedly laundering illicit darknet market proceeds by converting cryptocurrency into gold bars.Summary
The US Department of Justice has indicted Owe Martin Andresen, identified as the long-anonymous "Speedstepper" administrator of the defunct darknet site Dream Market. Authorities allege that Andresen laundered over $2 million by moving funds from the marketplace into new crypto wallets and using an Atlanta-based service to purchase gold bars, which were then shipped to his home in Germany. Following his arrest, investigators seized $1.7 million in gold bullion, cash, and additional linked assets. Andresen faces serious legal consequences, including potential multi-decade prison sentences for charges spanning 12 US counts and additional German proceedings.
(Source：BeInCrypto)