World’s Largest Illegal ‘Marketplace’ Hydra Market Closed: Millions of Dollars of Bitcoin Seized
April 7, 2022
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The internet has a bright and transparent side as well as a dark side, and the number of transactions taking place on this dark side is increasing day
The internet has a bright and transparent side as well as a dark side, and the number of transactions taking place on this dark side is increasing day by day. Also as a means of payment on this dark side of the internet. use of cryptocurrencies It is also one of the most criticized areas for the crypto industry.
However, this was also the case years ago when cryptos were not popular at all and it is not possible to take steps that offer a guaranteed solution. However, authorities continue to work to reduce cases such as the sale of illegal products and money laundering. An important step in this direction came from the German authorities. The world’s largestdarknet marketplace’ it’s closed.
Hdyra Market closed for money laundering
The Russian-based market called Hydra Market, which sells many illegal things from drugs to weapons, has been under surveillance by the authorities for a long time. The final decision for the site was made in August last year, and an investigation was launched into some allegations about the Hydra market.
Hydra Market’s server infrastructure, which is said to be the largest ‘darknet market’ in the world and has 17 million customers and more than 19 thousand merchant accounts, has been shut down by German authorities. From Hydra Market, which has the highest illegal turnover on online platforms About $25 million worth of Bitcoin was seized.
Explaining that the majority of Hydra Market is made up of Russians, officials said the platform was not used to evade sanctions against the country, but was used to trade drugs, counterfeit money, stolen credit card details, SIM cards and malware.
In addition to Russian customers, it was stated that there are many customers from Ukraine, Kazakhstan, Azerbaijan, Armenia, Kyrgyzstan, Uzbekistan and Tajikistan. Officials of the site they closed In 2020 alone, 1.23 billion euros (about 19 billion TL) in turnover was realized. Confirmed purchase. In addition, the transaction volume of Hydra Market, which has been under scrutiny since 2015, has fallen dramatically with the occupation of Ukraine.
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