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A market supplying medication and restricted substances in trade for cryptocurrency was recognized by police earlier than they carried out raids in Chatswood and Rose Bay houses yesterday.
Officers discovered greater than 100 grams of cocaine and MDMA, three kilograms of powders believed to be medication, hundreds of unknown tablets and 17 kilograms of lollies suspected to be laced with THC.
Virtually $60,000 in money was additionally seized together with digital gadgets, cryptocurrency and an engagement ring price $100,000 which is believed to be the proceeds of crime.
A enterprise at Rose Bay was additionally searched.
A 33-year-old man was arrested on the Chatswood dwelling and a 39-year-old man was arrested on the Rose Bay dwelling.
Each males had been taken to Surry Hills Police Station.
“Police will allege in court docket that the boys had been concerned in additional than 30,000 particular person drug transactions being carried out since 2015, with a minimum of $1.16 million in cryptocurrency being acquired over a 12-month interval,” NSW Police stated in a press release.
The pair had been refused bail and can seem earlier than court docket right this moment.
Detective Superintendent Matthew Craft stated the 2 males had been allegedly on the helm of a “properly geared up drug provide community” carried out over the darkish internet.
“By way of scale, this operation sits as one of many extra subtle we have seen with respect to each the amount of illicit medication being traded, proper by means of to distribution and packaging,” he stated.
“We will likely be alleging the income each these males had been reaping on account of these illicit trades had been so huge, makes an attempt had been made to launder funds in cryptocurrency and money utilizing third events.”
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