Crypto dark web criminals were finally taken down after two years of raiding in both Germany and the United States. The latest cryptocurrency news is finally bringing some great information that the criminals are having a hard time on the dark web due to the many crypto busts over the past two years.
The largest darknet marketplace was taken down by authorities as it seems to be the world’s ‘’largest online criminal trafficking operations’’ after it took the police two years to catch the crypto dark web criminals who managed to steal millions of crypto funds in the meantime.
Three German residents who are still unknown to the public, have been charged in their home country but as well in the United States with operating with the ‘’Wall Street Market’’ a crypto dark net platform that hosted more than 5,400 sellers of illegal drugs and was reportedly sold in exchange for cryptocurrency. The men are also charged with illegal documents such as drivers’ licenses and IDs.
The prosecutor with the U.S Attorney Office in Los Angeles Ryan White explained some more for the crypto dark web operations and the charges:
“The charges filed in Germany and the United States will significantly disrupt the illegal sale of drugs on the darknet. We believe that the Wall Street Market recently became the world’s largest darknet marketplace for contraband including narcotics, hacking tools, illegal services and stolen financial data.”
Most of the transactions on the crypto dark web were conducted with bitcoin and monero which is the most popular security altcoin that guarantees anonymity. Both of the cryptocurrency wallets were seized by the FBI during the raids. As the coming altcoin news state, the Frankfort prosecutor Georg Ungefuk explained that the crypto transactions can be difficult to trace which is why the darknet marketplace managed to live this long. More than two years were spent to investigate the market and the operations conducted.
The crypto dark web criminals managed to make millions in profit thanks to the cryptocurrencies by charging 2%-6% for each sale. This is one of the reasons why the regulators are afraid of cryptocurrencies and aim to create strict legislation.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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