Hyderabad: Drug suppliers demand for bitcoins

The Bitcoin is internet currency mostly used by hackers to collect money in ransomeware cases.

Update: 2017-07-06 20:31 GMT
RBC, however, is researching how it can utilize the distribution ledger technology that underpins bitcoin, called blockchain. RBC earlier told Reuters that it was experimenting with blockchain to help move payments between its U.S. and Canadian banks.

Hyderabad: The anti-narcotic team constituted to nab drug peddlers and suppliers in the city with Hyderabad city excise staff, on Thursday nabbed two drug suppliers and seized 62 LSD strips/ blots from them.

“Anirudh is one of the major drug suppliers in the city. He has an account with DARKNET through which he orders drugs from various parts of the country and uses his bank account for making transactions through ZEB PAY App. We are verifying his accounts and mobile phone.” 

Drug suppliers demand bit-coins in DARKNET or DARKWEB for delivering drugs. The Bitcoin is internet currency mostly used by hackers to collect money in ransomeware cases. 

Excise teams are concentrating on the bitcoin currency by drug suppliers. They are also decoding the language of cartoon characters that the suppliers use in conversations with students.

In another development, the State Task Force of excise and enforcement seized 136 kg of marijuana and arrested two persons while they were transporting ganja from Donkaraya in AP to Mahabubabad in TS and Hyderabad.

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