Millions seized from banks, PayPal and in Bitcoin & IOTA in European drug bust

By Christine Duhaime | June 30th, 2018

According to a statement by Europol, police in Austria and Spain seized €4.5 million in Bitcoin and IOTA as part of a bust of a transnational criminal organization that manufactured and trafficked LSD and laundered the proceeds of crime.

Europol seized €5.5 million in Bitcoin, €137,000 in IOTA, 10 luxury vehicles and €1.6 million in an Austrian bank account. Eight people were arrested.

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