One of the administrators of darknet news site DeepDotWeb pleaded guilty to federal money-laundering conspiracy charges, the U.S. Department of Justice announced Wednesday.
He further admitted to moving the crypto through a web of shell companies in an attempt to launder the funds.
Prosecutors described Prihar as a “broker” for drug and gun vendors whose illicit merchandise lies beyond the reach of Google and other web crawlers. Users of the unindexed dark web usually must know where to look beforehand, but with DeepDotWeb, one of the better-known dark web sites from 2013 to 2019, they found a ready guide.
Prosecutors said he acknowledged DeepDotWeb was a “gateway to numerous dark web marketplaces” that rewarded him with bitcoin kickbacks for every order his site referred.
Prihar agreed to forfeit $8.4 million, prosecutors said. His sentencing is scheduled for Aug. 2. He could face a maximum sentence of 20 years.