Germany seizes the world's largest, longest-serving dark web market | Engadget

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Germany seizes the world's largest, longest-serving dark web market

Hydra Market, billed as the world's largest and longest-serving dark web marketplace. It reportedly accounted for about 80 percent of all dark web-linked cryptocurrency transactions and had taken about $5.2 billion in crypto since 2015. It had roughly 17 million user accounts and 19,000 sellers.

The seizure included both the servers and crypto wallets holding about $25 million in Bitcoin. The US Justice Department simultaneously charged Russia resident Dmitry Pavlov with narcotics distribution and money laundering due to his operation of Hydra servers. Hydra mainly served people in Russian-language countries hoping to buy or deal in contraband, including drugs, hacking services and stolen data.

 

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