financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
Over $200M in Assets Seized in Historic DOJ
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Over $200M in Assets Seized in Historic DOJ
May 25, 2025 6:41 PM

A sweeping international law enforcement initiative has led to the arrest of 270 individuals and the seizure of over $200 million in cash and digital assets, according to a statement released Thursday by the US Department of Justice.

Dubbed Operation RapTor, the effort targeted dark web vendors, buyers, and administrators involved in the illicit trafficking of opioids, particularly fentanyl, and other narcotics.

DOJs Operation RapTor

According to the official press release, the operation was carried out with the help of 10 countries including the United States, United Kingdom, Germany, South Korea, and Brazil and marks the most significant takedown in the history of the DOJs Joint Criminal Opioid and Darknet Enforcement (JCODE) team. More than two metric tons of drugs were confiscated, including 144 kilograms of fentanyl-laced substances and over 180 firearms.

The JCODE, Europol’s European Cybercrime Centre (EC3), and international partners pooled intelligence gathered from previously dismantled darknet markets such as Nemesis, Tor2Door, Bohemia, and Kingdom Markets. These takedowns provided critical investigative leads that enabled a series of synchronized, yet independent, enforcement actions across jurisdictions.

Interestingly, this operation also included the first sanctions by the Office of Foreign Assets Control (OFAC) as a JCODE member agency. Iranian national Behrouz Parsarad, founder of Nemesis Market, was sanctioned and indicted on drug trafficking charges in Ohio following the market’s seizure.

In a statement, FBI Director Kash Patel said,

By cowardly hiding online, these traffickers have wreaked havoc across our country and directly fueled the fentanyl crisis and gun violence impacting our American communities and neighborhoods. But the ease and accessibility of their crimes ends today.

OFAC Targets Nemesis

Earlier in March, the U.S. Treasurys OFAC sanctioned 49 crypto addresses linked to Nemesis, a darknet marketplace which is accused of facilitating a $30 million drug trade. Iranian national Behrouz Parsarad, the alleged founder, is accused of operating the platform, collecting fees, laundering money, and supporting the sale of fentanyl, fake IDs, and hacking services.

Nemesis operated from 2021 to 2024 and served more than 30,000 users during this period. Authorities seized its servers last year along with $102,000 in crypto. Despite takedowns like this and others such as Genesis and Hydra, darknet marketplaces generated $1.7 billion in revenue in 2024.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Elon Musk Faces Backlash Over ‘Bitcoin
Elon Musk Faces Backlash Over ‘Bitcoin
Jun 2, 2025
Elon Musk’s latest announcement about a new encrypted messaging feature on X has ignited a firestorm, not for the feature itself, but for his baffling description of its underlying tech. On June 1, the X owner revealed via his official account on the social platform that the new XChat has been “built on Rust with (Bitcoin style) encryption.” Why Experts...
Bitcoin Price Analysis: BTC in Danger of Prolonged Correction After Recent Rejection
Bitcoin Price Analysis: BTC in Danger of Prolonged Correction After Recent Rejection
Jun 2, 2025
Bitcoin recently tapped into the $111K zone, sweeping buy-side liquidity before showing signs of rejection. As the market pauses after a strong rally, technical and on-chain indicators suggest a potential pullback or consolidation phase, with traders now eyeing key levels for the next move. Technical Analysis By ShayanMarkets The Daily Chart BTC experienced a notable rejection from the $111K supply...
Important Shiba Inu Indicator Drops to a 3
Important Shiba Inu Indicator Drops to a 3
Jun 2, 2025
TL;DR Shibarium’s recent slowdown has sparked concerns over Shiba Inu’s network engagement and price outlook. However, a negative exchange netflow and a low RSI hint at potential recovery signs. Brace for Impact? The number of daily transactions processed on Shiba Inus layer-2 blockchain solution, Shibarium, has been in decline over the past few weeks. On June 1, the figure shrank...
Modest Strategy Bitcoin Acquisition Brings Stash to Almost 581,000 BTC
Modest Strategy Bitcoin Acquisition Brings Stash to Almost 581,000 BTC
Jun 2, 2025
The worlds largest corporate holder of bitcoin continues with its BTC accumulation strategy, this time with a relatively modest purchase. Announced just minutes ago, Michael Saylors brainchild has spent $75.1 million to acquire 705 BTC at an average price of $106,495 per bitcoin. Strategy has acquired 705 BTC for ~$75.1 million at ~$106,495 per bitcoin and has achieved BTC Yield...
Copyright 2023-2026 - www.financetom.com All Rights Reserved