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Cybersecurity

Largest Darknet Market Shut Down by U.S., German Authorities

  • Hydra Market sold hacking tools and drugs, authorities said
  • Crypto exchanges tied to ransomware traced to Moscow tower
Deputy Attorney General Lisa Monaco

Deputy Attorney General Lisa Monaco

Photographer: Tom Brenner/The New York Times/Bloomberg 

U.S. and German officials have seized what they described as the world’s largest and most prominent darknet market, which traffics in illicit goods and services.

The Hydra Market’s servers were shut down and cryptocurrency wallets containing $25 million worth of Bitcoin were confiscated by German police on Tuesday. The U.S. Department of Justice announced criminal charges against Dmitry Pavlov, a 30-year-old Russian resident, for conspiracy to distribute narcotics and conspiracy to commit money laundering in connection with his operation and administration of Hydra’s servers.