Man arrested as gardaí freeze $900,000 in cryptocurrency after Galway raids

Gardaí also find drugs and cash in raids targeting organised crime operation

The drugs were found after two searches by Gardaí on Wednesday in Galway city. Photograph: An Garda Síochána
The drugs were found after two searches by Gardaí on Wednesday in Galway city. Photograph: An Garda Síochána

Gardaí have frozen two online cryptocurrency accounts containing assets worth $900,000 (€772,000) following raids of two properties in Galway targeting an organised crime operation.

A man in his 40s has been arrested and is set to appear before Galway District Court on Thursday to answer drug charges.

Gardaí from a Galway drug unit alongside local uniformed officers, searched two addresses in Galway city on Wednesday.

They found €9,000 worth of amphetamines, and cannabis with a street value of €9,300, both of which had been wrapped with tape and film.

Forensic Science Ireland are set to analyse the seized substances to confirm their contents.

In connection with the seizures, gardaí froze two associated cryptocurrency wallets “pending further investigation”, as well as a traditional bank account containing €25,000.

Several wads of cash were found at the properties, totalling €9,300.

The arrested man is being held at a nearby Garda station and is due to appear in court on Thursday morning.

In a statement, the Garda said investigations are “ongoing”.

  • Join The Irish Times on WhatsApp and stay up to date

  • Sign up for push alerts to get the best breaking news, analysis and comment delivered directly to your phone

  • Listen to In The News podcast daily for a deep dive on the stories that matter

Hugh Dooley

Hugh Dooley

Hugh Dooley is a news reporter for The Irish Times