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A French national has been sentenced to federal prison after pleading guilty to using cryptocurrency to facilitate drug deals on the dark web.

Gal Vallerius was sentenced by U.S. District Judge Robert N. Scola Jr. to 20 years in prison on Monday. The proceedings, which took place in the Wilkie D. Ferguson Jr. U.S. Courthouse, followed Vallerius’ entry of a guilty plea on charges of conspiracy to distribute narcotics as well as conspiracy to commit money laundering in June.

As part of his plea agreement, Vallerius forfeited 99.98947177 bitcoin and 121.94805811 bitcoin cash to the government. Despite their similar names, bitcoin and bitcoin cash are two separate crypocurrencies with separate values.

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Zach Schlein

Zach Schlein is a writer based in Miami. Originally from Montville, New Jersey, he holds a B.A. in political science from the University of Florida and is the litigation reporter for Daily Business Review. He can be reached at his email address, [email protected]

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