Darknet Drug Dealer Accused of $136M Laundering

Ryan Farace is supposed to be involved in money laundering through the use of Bitcoin & Drug deals. He is currently sentenced to jail in America.

According to the official reports of The Baltimore Sun, Ryan Farace named person is accused in the case of doing Money laundering. According to the data reports of the published news, this guy did money laundering with 2,933 BTC within three year of time. 

Ryan Farace is also known as Xanaxman. The value of bitcoin that he laundered is around $136 million, as per current price of bitcoin. This guy did bitcoin deals with drugs like Alprazolam. 

In the criminal activities of Ryan, his father was also involved. So now Ryan and his father will together face punishment of 57 month behind bars.

Farace was operating the notorious Dark Web but unfortunately he got caught by the police. He generated around $5.6 million of revenue which was seized by the agency. And also his crypto holdings of 4000 bitcoin taken from him. 

Investigation agency is still not sure yet, whether the processed bitcoins are part of his holding or not. And also there are huge doubts again Farace that he is involved in other many activities through the use of other crypto assets.

Farace claimed that his health is not fine and also he is facing health issues because of the Covid-19 pandemic attack, but all these requests are denied and still they are in prison.

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