Authorities Shutter Sprawling Dark Web Drug Bazaar and Seize $25 Million in Bitcoin
Hydra, a longtime dark web cesspool of money laundering and drug sales, has been shut down by police.On Tuesday, officials with Germany’s Federal Criminal Police Office announced Hydra’s demise, revealing in athat authorities had seized much of the site’s server infrastructure, as well as some 543 Bitcoin from the site—equivalent to approximately $25 million. Authorities say they have been investigating the illicit market’s activities since last August, with the help of several U.S.
A Russian-language darknet marketplace, Hydra has been one of the largest sources of online illicit trade for several years now. The site, which has existed since at least 2015, had approximately 17 million customers and some 19,000 listed sellers prior to its shutdown, German police said. During its reign, Hydra was known as a hub for, and its customers were based largely in eastern European statesthe blockchain analysis firm Elliptic.
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