Germany Shuts Down Billion-Dollar Darknet Platform For Money Laundering

By Ronan Barnard (April 5, 2022, 5:18 p.m. BST) – German authorities said on Tuesday they had shut down the country-based servers of a Russian-language darknet website that was used as a platform for money laundering and the illegal sale of drugs with an annual turnover of more than a billion dollars.

German Federal Police, aided by US law enforcement, seized Bitcoin cryptocurrency worth approximately 23 million euros ($25 million) while shutting down server infrastructure for this which she called the largest illegal darknet market in the world, known as Hydra Market.

Hydra Market was accessed through the widely used Tor network, a widely used darknet platform designed to hide user location and identity through…

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