The world’s largest darknet marketplace was shut down as a result of joint of a joint operation of German authorities and Europol, a law enforcement agency of the European Union.
The marketplace featured 2,400 vendors, which were involved in nearly $170 million worth of transactions, including the transfer of 4,650 Bitcoin and 12,800 Monero (XMR).The sellers used Bitcoin and other privacy coins to receive money from drugs trading.
The police switched off the servers and seized the criminal infrastructure. It is pending further investigation of store’s sellers, buyers, and moderators.
Bitcoin has witnessed a lot of mainstream exposure in the last few years and is continuing to do so. This mainstream exposure has coincided with the rise in crypto frauds.