Dutch cops arrest 10 over bitcoin money laundering scheme

Dutch cops arrest 10 over bitcoin money laundering scheme

Dutch authorities have arrested 10 men accused of using bitcoin to launder up to EUR20 million made from selling drugs online.

The arrests were made following raids on 15 addresses throughout the country which saw bank accounts, bitcoin accounts, cash, luxury cars and chemicals used for making ecstasy seized.

The raids came after banks contacted authorities to report large sums of money being deposited and then immediately withdrawn at ATMs, says a statement from the Dutch prosecution service.

According to Reuters the men are believed to have laundered between EUR15 million and EUR20 million for dealers who sold drugs on the dark web. The actual drug sellers are still being investigated.

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