Security Intelligence -
On April 5, German authorities announced the takedown of the Hydra marketplace, the world’s largest darknet market trading in illicit drugs, cyberattack tools, forged documents and stolen data. The criminal operation, with about 17 million customer accounts, raked in billions in bitcoin before getting shut down.
On its website, the Federal Criminal Police Office (BKA) stated it had secured and closed Hydra’s server infrastructure. Bitcoins amounting to about $25 million were seized, which were attributed to the Hydra marketplace.
At the same time, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Hydra. This was a coordinated effort involving multiple U.S. federal authorities and the German Federal Criminal Police.
What Is Hydra?
According to the U.S. Department of the Treasury, Hydra was launched in 2015. It is the most prominent Russian darknet market and the largest darknet market in the world. Hydra trades in Ransomware-as-a-Service, breach services and software, stolen personal information,