{"id":8526,"date":"2021-06-21T07:28:57","date_gmt":"2021-06-21T07:28:57","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/?p=8526"},"modified":"2021-06-21T07:28:57","modified_gmt":"2021-06-21T07:28:57","slug":"in-a-bitcoin-related-drug-bust-an-indian-crypto-king-has-been-arrested","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/in-a-bitcoin-related-drug-bust-an-indian-crypto-king-has-been-arrested\/","title":{"rendered":"In a Bitcoin-related drug bust, an Indian crypto king has been arrested."},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Narcotics Control Bureau Mumbai Zone nabbed Makarand P Adivirkar, a Mumbai resident, for allegedly facilitating the purchase of drugs in Bitcoin. According to NCB Mumbai officials, Adivirkar, also known as &#8220;Crypto King,&#8221; used to take commissions from those who wanted to convert their money into Bitcoin and then buy LSDs (a hallucinogenic drug) and other drugs on the dark web.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/trade.buyucoin.com\/direct-buy-sell-bitcoin?market=btc-inr\">Bitcoin<\/a> uses peer-to-peer technology to function without the need for a central authority or banks, with the network collectively handling transactions and producing bitcoins. Bitcoins and other cryptocurrencies are frequently used for criminal purposes on the dark web.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Following accusations that &#8216;crypto king&#8217; Makarand P Adivirkar used many bitcoin wallets on multiple platforms like the Binance-owned platform to process payments for multiple drug dealer networks in India, Binance-owned platform stated on Friday that he is not a client of the cryptocurrency exchange.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Following claims that the crypto king utilized the Binance-owned platform, an Indian cryptocurrency exchange, to facilitate his drug transactions, the exchange clarified that he is not a user. &#8220;On June 11, 2021, Binance-owned platform received an email from the NCB questioning about the stated accused and his trading activities on Binance-owned platform,&#8221; Binance-owned platform wrote on Twitter. After analyzing our records, we learned that the accused is not a Binance-owned platform user, and we alerted the police on June 12, 2021.&#8221;<\/span><\/p>\n<p>Source: <a href=\"https:\/\/www.goodreturns.in\/amphtml\/news\/indian-crypto-king-arrested-in-bitcoin-linked-drug-bust-1213221.html#\">Goodreturns<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Narcotics Control Bureau Mumbai Zone nabbed Makarand P Adivirkar, a Mumbai resident, for allegedly facilitating the purchase of drugs in Bitcoin. According to NCB Mumbai officials, Adivirkar, also known as &#8220;Crypto King,&#8221; used to take commissions from those who wanted to convert their money into Bitcoin and then buy LSDs (a hallucinogenic drug) and&hellip;<\/p>\n","protected":false},"author":11,"featured_media":8528,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1081],"tags":[1035,1086,518,268,1085,1082,1083,1087,1084],"class_list":["post-8526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-news-india","tag-binance-owned","tag-bitcoin-realted-drug-bust","tag-buyucoin","tag-coinbase","tag-coinswitch","tag-crypto-king","tag-drug-dealer","tag-mumbai-drug-bust","tag-wazirx"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8526"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=8526"}],"version-history":[{"count":3,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8526\/revisions"}],"predecessor-version":[{"id":8530,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/8526\/revisions\/8530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/8528"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=8526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=8526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=8526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}