Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Bitcoin holders risk losing real BTC if they sell coins from BIP-110 fork, says developer

18/08/2026

Ethereum UTXO Proposal Could Cut Permanent State Usage by 99.8%

18/08/2026

JPMorgan, Citi, UBS and central banks complete Project Agorá tokenized payment trials

18/08/2026
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Bitcoin holders risk losing real BTC if they sell coins from BIP-110 fork, says developer

    18/08/2026

    Bitcoin Faces a Major Holder Shift as Small Wallets Sell and Large Players Accumulate

    18/08/2026

    Bottom signals strengthen, but BTC sellers retain ONE edge

    18/08/2026

    Will Bitcoin and Altcoins Finally Take Off? Small Wallets Are Struggling, While Big Whales Are Stockpiling

    18/08/2026

    Ethereum UTXO Proposal Could Cut Permanent State Usage by 99.8%

    18/08/2026

    Major Ethereum Bull Tom Lee Hints at Another ETH Rally

    18/08/2026

    How Close Is the Push Toward $2K?

    18/08/2026

    DonAlt Sets $10K Long-Term ETH Target, Plans to Lock in Profits at $3K

    18/08/2026

    Hedera’s TVL Falls 40% After $9.05M Bonzo Lend Exploit, Even as Lloyds Banking Group Deepens Institutional Adoption

    18/08/2026

    Virtuals Protocol announces new tokenized index model – Details

    18/08/2026

    ORO Puts Avalanche in the Spotlight as Its Fluency Campaign Enters the Final Days

    18/08/2026

    Ripple Engineering Head Reveals What’s Coming Next for XRP Ledger

    18/08/2026

    How StonkBrokers Turned a JPEG Into a Brokerage Account

    18/08/2026

    OpenSea founder pivoted to AI — and won

    17/08/2026

    Fake World Assets Opens Its Gacha Pool to New NFT Collections

    17/08/2026

    Artprice’s AI-First Shift Raises the Stakes for NFT and Tokenized Art Valuation

    15/08/2026

    Bitcoin holders risk losing real BTC if they sell coins from BIP-110 fork, says developer

    18/08/2026

    Ethereum UTXO Proposal Could Cut Permanent State Usage by 99.8%

    18/08/2026

    JPMorgan, Citi, UBS and central banks complete Project Agorá tokenized payment trials

    18/08/2026

    Hedera’s TVL Falls 40% After $9.05M Bonzo Lend Exploit, Even as Lloyds Banking Group Deepens Institutional Adoption

    18/08/2026
  • Blockchain

    Robinhood’s Kerbrat pushes tokenization as memecoins rule its token-less L2

    17/08/2026

    Tether CEO Paolo Ardoino Denies Reports of Company Building Its Own Blockchain

    17/08/2026

    BIP-110 Breakaway Chain Faces a Long Fight to Survive

    17/08/2026

    MUFG to test real-time blockchain settlement for Japanese government bond trades

    16/08/2026

    Koscom and NH Investment & Securities Partner to Advance Tokenized Securities Platform

    15/08/2026
  • DeFi

    Compound bets $52 million, new leadership team in switch to institutional focus

    18/08/2026

    Monad, an Ethereum rival, offered early investors up to $60 million to cash out. Almost all said no

    18/08/2026

    Neutrl pauses NUSD redemptions over undisclosed reserve issue

    14/08/2026

    Uniswap Founder Says Team Renounced Creator Fees From Employee Testing

    14/08/2026

    SushiSwap-Backed Pools.fun Announces Protocol Token Launch with Buyback and Airdrop Plans

    13/08/2026
  • Metaverse

    Is Solana Gaming Back? Kintara Activity Fuels Renewed Optimism in Onchain MMOs

    24/06/2026

    The Sandbox launches AI game engine ‘The Sandbox Studio’ for next-generation creators

    10/06/2026

    Meta commits $13M in funding for Oversight Board through 2028

    29/05/2026

    Why Animoca’s Yat Siu says the future is 100 billion AI agents

    07/05/2026

    ‘8,000 Jobs’—Polymarket Sees Tech Layoff Surge As Meta AI Push Bites

    18/04/2026
  • Regulation

    JPMorgan, Citi, UBS and central banks complete Project Agorá tokenized payment trials

    18/08/2026

    Bitcoin Mining and AI Infra Stocks Rocket as Shorts Get Burned

    18/08/2026

    Coinbase sinks 5% after missing second quarter revenue estimates

    18/08/2026

    Stablecoins Eclipse Bitcoin in Brazil as Demand Hits $14.68B

    18/08/2026

    Central Bank Gold Purchases Jump 62% to 288.9 Tonnes in Q2

    18/08/2026
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Features, Community Benefits and How to Buy Presale Tokens

    18/08/2026

    Best crypto exchanges for fast sign-up and trading in 2026

    18/08/2026

    CLARITY Act Delay Creates Uncertainty and MemeToro AI Presale Offers Real Utility

    17/08/2026

    RLUSD’s Next Big Move? Google and Mastercard Integration Fuel AI Payments

    17/08/2026

    ICO market slows sharply with only six completions in 2026

    30/04/2026

    South Korea Poised to Lift Ban on Domestic ICOs After 7 Years

    19/12/2025

    Why 2025’s Token Boom Looks Both Familiar and Dangerous

    31/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    GameShame Studios founder details Raijin Protocol’s roadmap in NeoPod’s sixth AMA

    13/08/2026

    How BC.GAME is turning players into stakeholders

    04/08/2026

    YGG Play Shuts Down Services as Yield Guild Pivots to AI Data

    01/08/2026

    why gameplay now beats crypto rewards

    29/07/2026

    HIVE Digital Lands $350M AI Deal With 5-Year Cloud Contract

    18/08/2026

    HIVE Q1 2027 revenue soars 73.5%, but a Swedish tax hit erases the gain

    18/08/2026

    BitFuFu’s Cloud Customers Spent a Quarter of What They Did a Year Ago

    17/08/2026

    CleanSpark, BitFuFu, Canaan See July Bitcoin Output Fall vs June

    17/08/2026

    Nevada Wants $120K a Day from Kalshi Over Geofence Failures. Kalshi Says the Testers Cheated

    18/08/2026

    Bitwise CIO Says Bitcoin Isn’t the Biggest Winner Here

    18/08/2026

    Fireblocks names former SEC acting chair Elad Roisman as policy chief

    18/08/2026

    Fireblocks Taps Former SEC Acting Chair for Stablecoin and Tokenisation Push

    18/08/2026

    Bitcoin holders risk losing real BTC if they sell coins from BIP-110 fork, says developer

    18/08/2026

    Ethereum UTXO Proposal Could Cut Permanent State Usage by 99.8%

    18/08/2026

    JPMorgan, Citi, UBS and central banks complete Project Agorá tokenized payment trials

    18/08/2026

    Hedera’s TVL Falls 40% After $9.05M Bonzo Lend Exploit, Even as Lloyds Banking Group Deepens Institutional Adoption

    18/08/2026
  • MarketCap
NBTC News
Home»Legal»UK ‘El Chapo’ faces 120 years in US prison over bitcoin-for-drugs ring
Legal

UK ‘El Chapo’ faces 120 years in US prison over bitcoin-for-drugs ring

NBTCBy NBTC27/06/2024No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


A UK man dubbed the ‘El Chapo of the Cotswolds’ is facing 120 years in prison after a court ruled he can be extradited to the US to face charges of running an illegal drugs ring that has allegedly raked in more than $6 million in bitcoin.

Matthew Grimm was charged with five counts of drug charges and one count of money laundering for his alleged role in a multimillion-pound drug racket selling designer amphetamines to US customers.

The 49-year-old allegedly ran the operation alongside two accomplices for over 10 years, transporting drugs from the Netherlands using online marketplaces such as ‘Smokeyschemsite.’ US authorities reportedly froze £5.2 million ($6.5 million) worth of bitcoin connected to his alleged drug proceeds.

Grimm was arrested in 2022 and given the green light for extradition by the country’s then-Home Secretary. He later appealed his US extradition, telling prosecutors to ‘bring it on,’ before, as reported by the Mirror, a High Court judge ruled against him last week.

Read more: Darkweb drugs site Incognito Market threatens to out users who paid in crypto

Grimm was dubbed the ‘El Chapo of the Cotswolds’ and is reportedly an avid cyclist and member of the Chipping Sodbury Riding Club. During his latest court hearing, his lawyer claimed, “He’s gone cycling today.”

According to the Mirror, Grimm’s lawyer argued that the US wasn’t the right place for him to stand trial and that the charges were unfair as they lacked any equivalent under UK law.

They also claimed there was nothing to show his ‘criminal intent,’ and that “Mr. Grimm’s business operated entirely legally within the Netherlands, where the substances he sold were not prohibited.”

If convicted, Grimm faces a sentence of 120 years.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Related Posts

Nevada Wants $120K a Day from Kalshi Over Geofence Failures. Kalshi Says the Testers Cheated

18/08/2026

Bitwise CIO Says Bitcoin Isn’t the Biggest Winner Here

18/08/2026

Fireblocks names former SEC acting chair Elad Roisman as policy chief

18/08/2026

Fireblocks Taps Former SEC Acting Chair for Stablecoin and Tokenisation Push

18/08/2026
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Bitcoin holders risk losing real BTC if they sell coins from BIP-110 fork, says developer

18/08/2026

Ethereum UTXO Proposal Could Cut Permanent State Usage by 99.8%

18/08/2026

JPMorgan, Citi, UBS and central banks complete Project Agorá tokenized payment trials

18/08/2026
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.