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California Man Sentenced to More Than Seven Years in Prison on Charges Related to Bitcoin-Facilitated Drug Market

A California man was sentenced to more than seven years behind bars on charges related to operating an underground drug-trafficking market powered by Bitcoin ( BTC ) transfers. Federal prosecutors say John Khuu illegally imported counterfeit pharmaceutical and MDMA pills from Germany and subsequently used dark web markets to distribute the illicit substances to customers across the US. Khuu, 29, was paid in Bitcoin and other crypto assets, which he and his co-conspirators exchanged for US currency that was then laundered and transmitted to dozens of different accounts. The California resident was indicted in May 2022 in the Eastern District of Texas and charged with conspiracy to commit money laundering. Three months later, Khuu was also indicted in the Northern District of California and charged with unlawful importation of a Schedule I controlled substance. He was arrested by agents in Garden Grove, California a few days after the second indictment. Khuu’s arrest was the result of “ Operation Crypto Runner ,” a multi-agency law enforcement effort that resulted in a batch of charges filed against 21 individuals for their alleged involvement in transnational money laundering networks. Last year, Khuu pled guilty to conspiracy to commit money laundering, conspiracy to operate an unlicensed money-transmitting business and importation of MDMA. This week, U.S. District Judge J. Campbell Barker sentenced him to 87 months in federal prison. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post California Man Sentenced to More Than Seven Years in Prison on Charges Related to Bitcoin-Facilitated Drug Market appeared first on The Daily Hodl . CoinTurk News

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Shiba Inu (SHIB) Team Addresses Concerns About Kusama’s Silence

The Shiba Inu community has raised concerns about the recent absence of Shytoshi Kusama, the project’s lead developer, from social media. This comes at a time when the token is struggling to maintain key price levels amid broader market volatility. With growing speculation, Lucie, the marketing lead for the ecosystem, has addressed these concerns, reassuring supporters that Kusama’s absence is intentional and aligned with his stated plans. Kusama’s Declining Activity on Social Media Shytoshi Kusama has been noticeably inactive on social media over the past week, a shift from his usual engagement earlier this year. His last direct post on X was on February 21, when he announced enhancements to liquidity pools on ShibaSwap . Since then, his presence has been limited to occasional retweets, with the most recent one from March 7, highlighting a post by Shiba Inu’s partner, Astra Nova. This prolonged inactivity has led to speculation within the community, with some users questioning his whereabouts and others fueling unfounded rumors. Critics have attempted to use his silence to cast doubt on his role within the ecosystem. Lucie Reaffirms Kusama’s Focus on Expanding Shiba Inu In response to concerns, Lucie clarified that Kusama’s reduced social media activity is not cause for alarm. She emphasized that his absence aligns with a strategy he previously communicated, suggesting that he is dedicating more time to expanding Shiba Inu’s global reach. Lucie implied that while Kusama may not be as visible online, he is likely engaged in offline efforts, such as strategic meetings and partnerships aimed at increasing the project’s prominence. She reassured the community that he would eventually return to social media to share updates on his ongoing work. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Not an Uncommon Occurrence Kusama’s limited online presence is not unprecedented. In the past, he has taken similar breaks from social media to focus on other commitments. For instance, in May 2024, he revealed that he had traveled to the Middle East to visit family. However, with SHIB facing challenges in maintaining its position in the market and competition increasing among meme coins, some investors remain cautious. Despite these occasional absences, Kusama has built a reputation as a dedicated figure within the ecosystem. Last year, he shared insights into his work ethic, stating that he sometimes works up to 20 hours a day to advance the project. Even during the holiday season, when most people take time off, he remained active in developing initiatives aimed at strengthening SHIB’s position in the market. As speculation continues, Lucie’s reassurance highlights that Kusama’s current focus remains on the long-term growth of Shiba Inu, with expectations that he will provide further updates once his offline efforts yield tangible results. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Shiba Inu (SHIB) Team Addresses Concerns About Kusama’s Silence appeared first on Times Tabloid . CoinTurk News