Regulators seize $25M in Bitcoin from Russian Darknet Market

German authorities seized $25 million in bitcoin (BTC) after shutting down one of the world's largest darknet markets, Hydra Market.

The cybercrime unit of the Frankfurt prosecutor's office and the federal criminal police seized 543 BTC Tuesday while "securing" the site's servers.

17 million customers and 19,000 seller accounts found. According to the statement, Hydra Market had the world's highest illegal marketplace turnover.

The market brought in €1.23 billion ($1.35 billion) in 2020, police said.

The Russian-language marketplace also had a built-in bitcoin privacy mixer, the police said.

Forensic blockchain firm Ciphertrace says the market was mainly used for narcotics.The investigation began in August 2021, police said.

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