German Police Obtain Six Figures In Crypto From Dark Web Suspects
The crypto space has witnessed massive surges in scams and exploits, all of which involve the use of cryptos in the dark web. Apparently, a new case of the same narrative has just surfaced. And, unfortunately for the suspects, the authorities bogged them down.
Shutting Down a Dark Web Marketplace
In an official report, the German police, along with the assistance of the Europol, have managed to completely shut down servers of a so-called dark web marketplace. At the same time, they were able to seize at least six figures in digital currencies from the arrested individuals. Europol, in particular, made the announcement recently.
The report goes on to suggest that the world’s second-biggest dark web market has finally been brought down. Thankfully, the people from the German Federal Criminal Police have been successful in shutting down the infamous entity. The successful move was performed under the authority of the country’s very own Public Prosecutor’s office.
Apart from the aforementioned, the authorities made an arrest of three suspects and obtained around 550,000 euros ($615,000) in cash. In addition, there were six figures of Monero (XMR) and Bitcoin (BTC), the world’s leading digital currency. The police were also successful in seizing a good number of hard drives, computers, vehicles, and other items – all of which were utilized in bringing their violations into reality.
Illicit Activities Revealed
Europol claimed that the Wall Street Market had over 1.5 million registered users. And about 5,400 of these users are deemed to be sellers of stolen data, malicious software, fake documents, and drugs, among other things.
Also in the same announcement from Europol, the latter officially revealed that Finnish Customs also brought down another infamous dark web marketplace Valhalla. This one right here is reportedly dubbed as the Silkkitie.
Authorities involved in the raid had accumulated a very significant amount of Bitcoin from the aforementioned website. It is worth noting that the site began its anonymous operation solely for the Tor network, something it embraced since 2013.
In related news, two individuals are found guilty in the United States after being confirmed to be involved in the illicit selling of steroids and controlled substances. They are also guilty of laundering millions of dollars in digital currencies, as well as Western Union payments. This is definitely good news in the crypto space, as more authorities across the world are starting to clean up the crypto mess.