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Banmeet Singh, the main criminal in the Silk Road case, pleaded guilty and 8,100 BTC involved in the case were confiscated

Banmeet Singh, a British operator of the Silk Road dark web market, has pleaded guilty in the United States. This case involves the largest Bitcoin (BTC) seizure operation in the history of the US Drug Enforcement Administration (DEA), involving about 8,100 Bitcoins worth about $150 million. According to the investigation by the US Department of Justice, customers used Bitcoin or other cryptocurrencies to purchase drugs on Singh's sales merchant website. From mid-2012 to July 2017, Singh controlled eight distribution points in the United States, which received drug shipments from overseas, repackaged them, and distributed them to all 50 states in the United States, Canada, England, Ireland, Jamaica, Scotland, and the US Virgin Islands. Singh was arrested in London in April 2019 and extradited to the United States in 2023. <br>