Cybercrime Squad detectives examine computers as part of their investigation into the Bitcoin held in the cryptocurrency wallet. Photo: NSW Police.

Police investigating potential illegal dealings on the darknet have seized $5.7 million-worth of cryptocurrency, raided homes in Batemans Bay and Sydney, and arrested two men who had been living “an anti-authoritarian lifestyle”.

A NSW Police spokesperson said detectives had been investigating a large amount of Bitcoin held in a cryptocurrency wallet. This Bitcoin was believed to be proceeds of illegal activity on darknet marketplaces.

“Darknet marketplaces are online illicit markets that offer a range of illegal goods and services, including prohibited drugs and weapons,” the…