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Benzinga

Business

Adrian Zmudzinski

One Of The World's Top Dark Web Markets Taken Down By German Authorities: $25.2M Of Bitcoin Seized

Hydra Russia United States

After six years of operating in the service of criminals around the world, Russian-tied dark web market Hydra was finally shut down by German police after lengthy investigations led to the seizure of the servers and cryptocurrency of their administrators.

What Happened: After receiving a tip, German police were able to seize Hydra's servers and confiscate €23 million ($25.2 million) worth of Bitcoin (CRYPTO: BTC), according to a Wednesday BBC report. Over 17 million customers and over 19,000 seller accounts were registered on the marketplace, and visitors attempting to access the site are now met with a police seizure notice.

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