On April 5, 2022 the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced sanctions against “the world’s largest and most prominent darknet market, Hydra ...

The servers of Hydra Market, the most prominent Russian darknet platform for selling drugs and money laundering, have been seized by the German police. The police were also able to seize 543 ...

The seizure of Hydra also saw the capture of 543 bitcoins from the market, currently worth about $25 million. Founded in 2015, Hydra Market is claimed to have had a darknet market share of around 80%.

The downfall of Hydra led to an entire market revenue decline, Chainalysis says. In 2021, total revenue of darknet shops (mostly drug dealing websites) was $2.6 billion; in 2022, it fell to $1.3 ...

In 2021, Hydra accounted for an estimated 80% of all darknet market-related cryptocurrency transactions, Since 2015, the marketplace has received approximately $5.2 billion in cryptocurrency.

Hydra Market's sales were over 1 billion euros in 2020 alone, authorities say. German authorities took down the world’s largest illegal marketplace on the darknet with the help of U.S. law ...

In 2021, the Hydra Market was used by more than 500,000 anonymous individuals to trade cryptocurrencies as well as drugs illegally. Now, the German police law enforcement said that around 543 ...

Hydra, the world’s largest darknet market for illegal narcotics, stolen data, and cybercrime tools and services, was dismantled yesterday by the German police, who located and confiscated its ...

Hydra accounted for 80 percent of all darknet market-related cryptocurrency transactions last year, according to the U.S. Justice Department. Since 2015, the marketplace allegedly received $5.2 ...

US Sanctions Russia’s Hydra Darknet, Adds Over 100 Bitcoin Wallets to OFAC List The move came alongside action by Germany, which earlier on Tuesday announced the shutdown of Hydra Market and ...

Hydra, launched in 2015, is the “most prominent Russian darknet market.” Goods and services offered range from ransomware and hacking services to stolen personal information to counterfeit ...

Hydra accounted for 80 percent of all darknet market-related cryptocurrency transactions last year, according to the U.S. Justice Department. Since 2015, the marketplace allegedly received $5.2 ...