Darknet Kingpin’s Fatal Flaw: Buying Gold Bars With Crypto Leads to Arrest

May 18, 2026

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Key Takeaways:

Authorities charged Dream Market’s Owe Martin Andresen with 12 money laundering counts for buying gold with flagged cryptocurrency.IRS CI’s tracking of $1.7M in gold bought via Bitpay proves dormant darknet crypto can be traced.Following a May 2026 raid, Andresen will next face up to 20 years in prison for each charge.

Alleged ‘Dream Market’ Admin Charged For Money Laundering After Buying Gold With Flagged Cryptocurrency

Kareem Carter, Special Agent in Charge of the Internal Revenue Service – Criminal Investigation (CI), stressed that “the reintegration of long dormant proceeds demonstrates a hard truth: illicit actors may hide in the shadows, but their financial footprints remain. IRS CI is dedicated to following the money, and our Cyber Crimes Unit special agents are dedicated to exposing those who attempt to exploit technology to evade accountability.”

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