Bitcoin News

German Police Shut Down Dark Market that Facilitated $170 Million in Cryptocurrency Transactions

In the latest crackdown on the Darknet marketplace, German police arrested a 34-year-old Australian national near the Danish border who allegedly operated DarkMarket, a site used by half a million people.

According to the prosecutors in the western German city of Koblenz, DarkMarket facilitated at least 320,000 transactions that include 4,650 for Bitcoin (BTC), 12,800 for Monero (XMR), and another cryptocurrency, totaling more than 140 million euros ($170 million).

More than 20 servers were also confiscated in Moldova and Ukraine by the authorities.

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The platform was used to sell drugs along with counterfeit money, stolen and fraudulent credit card information, anonymous SIM cards, and malware offerings.

Authorities from around the world contributed to this investigation — from the Federal Bureau of Investigation, the U.S. Drug Enforcement Administration to the EU’s Europol and police from the U.K., Denmark, and Ukraine.


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German Police Shut Down Dark Market that Facilitated 0M in Crypto Transactions

by Anthony Beattie
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