German police topple the largest “Dark Web” site and acquire a huge number of Bitcoin

German police topple the largest “Dark Web” site and acquire a huge number of Bitcoin

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Answer German police topple the largest “Dark Web” site and acquire a huge number of Bitcoin

The German police announced that, in cooperation with Europol, the Dutch police and the Federal Bureau of Investigation, they were able to take down the largest “duckweb” and seize millions of dollars in Bitcoin and Monero.

The illegal “Wall Street” website allowed drug trafficking as well as stolen data, fake documents and malware, similar to what was previously discussed in the Arab Bitcoin website under the title:

  • Who is Ross Ulbricht? And the story of his transformation into a millionaire and then life imprisonment because of the dark web?

Prosecutors in the German city of Frankfurt said that the site has more than one million user accounts, more than 5,000 registered sellers and more than 60,000 offers of illegal sales.

Read:Coinbase unveils 3 new cryptocurrencies that will be listed soon

The site is usually accessed through the encrypted Tor network to protect customers from revealing their identities and financial transactions are made using Bitcoin and Monero. The site operators receive commissions between 2 and 6 percent of the value of the deals.

On April 23 and 24, German police arrested the three German suspects, aged between 22 and 31, in the states of Hesse, Baden-Württemberg and North Rhine-Westphalia in Germany.

German police also seized servers, more than 550,000 euros (about 2.3 million Saudi riyals) in cash, hundreds of bitcoins and moneros (quantities have not been determined, but were said to be worth more than millions of dollars), as well as several vehicles and a firearm.

Europol mentioned The police operation began after Finnish authorities shut down the encrypted Tor network and illegal stores earlier this year, which led to some Finnish drug dealers moving to Wall Street.

In another context, two men recently pleaded guilty in the United States of America to illegally selling drugs and illegal substances and laundering millions of dollars using cryptocurrencies and Western Union payments.

Read:Poll: More than half of the respondents want to buy goods with cryptocurrency

Also, in early April, a court in the Canadian city of Toronto ordered an online drug dealer to pay all his bitcoin holdings, valued at $1.4 million, to the state.

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