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U.S. Treasury Department Sanctions Russia-based Hydra Darknet Marketplace

U.S. Treasury Department Sanctions Russia-based Hydra Darknet Marketplace

Apr 06, 2022
The U.S. Treasury Department on Tuesday sanctioned Hydra, the same day German law enforcement authorities  disrupted  the world's largest and longest-running dark web marketplace following a coordinated operation in partnership with U.S. officials. The sanctions are part of an "international effort to disrupt proliferation of malicious cybercrime services, dangerous drugs, and other illegal offerings available through the Russia-based site," the Treasury Department  said  in a statement. Along with the sanctions, the Office of Foreign Assets Control (OFAC) disclosed a list of  more than 100 virtual currency addresses  that have been identified as associated with the entity's operations to conduct illicit transactions. The sanctions come as Germany's Federal Criminal Police Office shut down the online criminal marketplace that it said specialized in narcotics trade, seizing its servers and 543 bitcoins worth 23 million euros ($25.3 million). Hydra was a Russi
Germany Shuts Down Russian Hydra Darknet Market; Seizes $25 Million in Bitcoin

Germany Shuts Down Russian Hydra Darknet Market; Seizes $25 Million in Bitcoin

Apr 05, 2022
Germany's Federal Criminal Police Office, the Bundeskriminalamt (BKA), on Tuesday announced the official takedown of Hydra, the world's largest illegal dark web marketplace that has cumulatively facilitated over $5 billion in Bitcoin transactions to date. "Bitcoins amounting to currently the equivalent of approximately €23 million were seized, which are attributed to the marketplace," the BKA said in a press release. Blockchain analytics firm Elliptic confirmed that the seizure occurred on April 5, 2022 in a series of 88 transactions totaling 543.3 BTC. The agency attributed the shutdown of Hydra to an extensive investigation operation conducted by its Central Office for Combating Cybercrime (ZIT) in partnership with U.S. law enforcement authorities that it said had been underway since August 2021. Launched in 2015, Hydra was a Russian-language darknet marketplace that opened as a competitor to the now-defunct Russian Anonymous Marketplace (aka RAMP), primarily
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