German authorities shut down world’s largest darknet market Hydra

Crypto News today: German authorities shut down world’s largest darknet market Hydra

Law enforcement officers have also seized roughly €23 million in Bitcoin from the now-defunct platform.
What is Hydra?
Launched around 2015, Hydra was hitherto the most prominent Russian darknet market and “likely the largest darknet market in the world”—despite operating mostly in CIS countries, according to crypto intelligence firm Ciphertrace.
Namely, the marketplace served customers in Russia, Ukraine, Belarus, Kazakhstan, Azerbaijan, Armenia, Kyrgyzstan, Uzbekistan, Tajikistan, and Moldova. In total, around 17 million customers and over 19,000 seller accounts were registered on the marketplace.

Following Hydra’s closure, a special banner was placed by the agencies on its website, notifying users that “the platform and the criminal content have been seized by the Federal Criminal Police Office on behalf of Attorney General’s Office in Frankfurt am Main in the course of an international coordinated law enforcement operation.”
As CryptoSlate reported, despite being of Russian origin, Hydra wasn’t actually used to evade the western sanctions that followed the country’s armed conflict with Ukraine, according to blockchain data platform Chainalysis. And now it never will be, apparently.

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Source: https://cryptoslate.com/german-authorities-shut-down-worlds-largest-darknet-market-hydra/

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