{"id":23124,"date":"2022-04-05T12:19:31","date_gmt":"2022-04-05T11:19:31","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=23124"},"modified":"2022-04-05T12:19:38","modified_gmt":"2022-04-05T11:19:38","slug":"german-government-closes-russian-market-bitcoin","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/german-government-closes-russian-market-bitcoin\/","title":{"rendered":"German Government Closes Russian Darknet Market, Seizes $25M Bitcoin"},"content":{"rendered":"\n
The German government confiscated $25 million in bitcoin (BTC)<\/a>, claiming to have closed the Hydra Market, one of the world's major darknet markets.<\/h5>\n\n\n\n
\"German
German Government Closes Russian Darknet Market, Seizes $25M Bitcoin<\/figcaption><\/figure><\/div>\n\n\n\n

According to a federal police statement released on Tuesday, the cybercrime office of the Frankfurt prosecutor's office and federal criminal police took 543 BTC while “securing” the site's servers.<\/p>\n\n\n\n


17 million clients and 19,000 vendor accounts were discovered by federal agents. According to the statement, Hydra Market has the greatest turnover among illegal marketplaces<\/a> around the globe. According to the police, the marketplace made \u20ac1.23 billion ($1.35 billion) in income in 2020.<\/p>\n\n\n\n

According to the police statement, the Russian-language marketplace also contained a built-in bitcoin privacy\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> mixer, which made tracing the transactions more difficult.<\/p>\n\n\n\n


Hydra Market had been up and running since 2015, and it could be accessed through the Tor browser. The website has since been removed from the internet.<\/p>\n\n\n\n


According to blockchain forensics firm Ciphertrace, the market was mostly utilized for narcotics and served Russia<\/use><\/svg><\/span><\/a>, Ukraine, Belarus, Kazakhstan, Azerbaijan, Armenia, Kyrgyzstan, Uzbekistan, Tajikistan, and Moldova.<\/p>\n\n\n\n

According to the police, the probe began in August 2021 and included U.S. authorities.<\/p>\n","protected":false},"excerpt":{"rendered":"

The German government confiscated $25 million in bitcoin (BTC), claiming to have closed the Hydra Market, one of the world’s major darknet markets. According to a federal police statement released on Tuesday, the cybercrime office of the Frankfurt prosecutor’s office and federal criminal police took 543 BTC while “securing” the site’s servers. 17 million clients […]<\/p>\n","protected":false},"author":36,"featured_media":23128,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83,71,21],"tags":[3869,4260,335,8671],"class_list":["post-23124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-markets","category-news","tag-darknet","tag-german","tag-government","tag-russian-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/bundestag-as-a-part-of-german-political-system.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/23124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=23124"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/23124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/23128"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=23124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=23124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=23124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}