Hydra: Police tell how they destroyed Russian ‘Silk Road’

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The hunt will take several months – not least from the war in Ukraine – even as this darknet market becomes one of the most effective ways since the outbreak of the conflict and the imposition of particularly heavy sanctions against Russia, for Russians to trade NFT and crypto outside of major legal platforms like Binance or Coinbase. circumvent economic sanctions by allowing it to do so.

“The Frankfurt am Main Public Prosecutor’s Office, the Central Office for Combating Cybercrime (ZIT) and the Federal Criminal Police Office (BKA) announced on Tuesday that they have taken over the infrastructure and servers of the largest illegal darknet site in Germany. “Hydra Market” which allows the site to be shut down in the world. Bitcoin seized equivalent to approximately 23 million euros – these Bitcoins are being loaded into the market”It is announced to the German authorities.

Police have been tracking Hydra since summer 2021

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Authorities continue to explain that the search for the site began in August 2021 – when many countries, including the United States, began to take an interest in this type of Russian copy of the other illegal market, which fell a few years ago. Silk Road. Hydra has been pretty successful since its launch around 2015.

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Originally the site was predominantly a drug supermarket, but Hydra also offered pirated documents, various counterfeit products, and illegal online services. When it was shut down, the site had over 17 million customers and over 19,000 merchant accounts. However, with the implementation of sanctions after Russia’s invasion of Ukraine, the site started to offer 100% anonymous cryptocurrency and NFT exchanges, as we mentioned above.

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The site also offered a “Bitcoin mixer” that makes it possible to anonymize transactions by mixing them with other streams and dividing the totals into multiple transfers of arbitrary amounts.

Also read – Russia to legalize piracy to circumvent sanctions

German police believe that Hydra has become the darknet’s most profitable illegal site because its turnover was at least 1.23 billion euros in 2020 alone. In addition to the shutdown, the police placed the following banner on Hydra’s homepage to warn the site’s regulars:

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Posted By: Bitdefender

Source From: Google News

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