German authorities seized $25 million in $BTC this week when they shut down Hydra Market. Authorities say the darknet probably had the highest turnover among the world’s illegal marketplaces.
German authorities seized $25 million in bitcoin as they shut down Hydra Market, saying they had closed one of the world's largest darknet markets.
The cybercrime office of the Frankfurt prosecutor's office and federal criminal police confiscated 543 BTC as they"secured" the site's servers, according to a federal policeFederal police found 17 million customers and 19,000 seller accounts. Hydra Market probably had the highest turnover among illegal marketplaces in the world, according to the statement. In 2020, the marketplace had €1.23 billion in revenue, the police said.
Hydra Market had been operating since 2015 and was accessible via the Tor browser. The site has been taken off the internet. The market was mainly used for narcotics, and served Russia, Ukraine, Belarus, Kazakhstan, Azerbaijan, Armenia, Kyrgyzstan, Uzbekistan, Tajikistan and Moldova, according to blockchain forensics firm
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DAX Forecast: German Index Breaks Through Support LevelThe DAX fell on Wednesday to break through a support level at the \u20AC14,250 level.
Read more »
German tuner builds Rolls-Royce Cullinan overlanderA buyer from the Arabian Peninsula apparently commissioned this ultimate Rolls-Royce Cullinan.
Read more »
Germany Plugin Auto Sales Reach 26% Of Auto MarketGermany's auto market saw plugin electric vehicles take 25.6% share in March, up modestly from 22.5% year on year.
Read more »
New event center coming downtown between HighWire and Johnny Gibson's MarketHighWire and Johnny Gibson’s Market downtown are about to undertake a big construction project.
Read more »
A housing bubble: How to know if the US real estate market will crashInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »