Darknet Kingpin's Fatal Flaw: Buying Gold Bars With Crypto Leads to Arrest
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Darknet Kingpin's Fatal Flaw: Buying Gold Bars With Crypto Leads to Arrest
"U.S. Attorney Theodore S. Hertzberg stated that Dream Market facilitated the sale of 90 kilograms of heroin, 450 kilograms of cocaine, 25 kilograms of crack cocaine, 45 kilograms of meth, 13 kilograms of oxycodone, and 36 kilograms of fentanyl using anonymous means and cryptocurrency. In May 2026, Andresen had his home raided, with $1.7 million of gold bars and over $23,000 in ca"
Owe Martin Andresen, a German national, was charged with 12 counts of money laundering after using cryptocurrency linked to Dream Market to purchase gold bars. Authorities alleged that Andresen consolidated millions from Dream Market wallets and then used a Georgia-based cryptocurrency operator, allegedly Bitpay, to settle gold purchases with international merchants. The gold bars were sent to his home address, allowing investigators to pinpoint his location. Andresen was believed to be Speedstepper, the main administrator of Dream Market, which shut down in 2019. Dream Market allegedly enabled large-scale drug sales using anonymous methods and cryptocurrency. After a May 2026 raid, authorities seized gold bars valued at about $1.7 million and additional cash.
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