Germany seizes $25 million in bitcoin by shutting down illegal darknet marketplace 'Hydra Market'
Germany has shut down the Russian illegal darknet marketplace called 'Hydra Market', confiscating 543 Bitcoins with a total value of around $25.2 million.
The authorities shut down the server infrastructure for Hydra which is a huge marketplace on Dark Web for drugs, stolen credit card information and other illegal goods.
Around 17 million customers and over 19,000 seller accounts were registered on the marketplace.
According to ZIT and BKA estimates, "Hydra Market" was probably the illegal marketplace with the highest turnover worldwide." "In particular, the Bitcoin Bank Mixer, a service for obfuscating digital transactions provided by the platform, made crypto investigations extremely difficult for law enforcement agencies," said the German authorities.
Source
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