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“World’s Largest” Darknet Market Has Been Shut Down

01/12/2021

Common darknet market DarkMarket, which hosted an estimated half million customers, was shut down by German police authorities in a raid carried out over the weekend. 

Bulletins from prosecutors within the cities of Koblenz and Oldenburg indicated that the operator of {the marketplace} was headquartered someplace close to the border between Germany and Denmark. {The marketplace}’s server was formally turned off yesterday.

“Police within the northern metropolis of Oldenburg ‘had been capable of arrest the alleged operator of the suspected world’s largest unlawful market on the darknet, the DarkMarket, on the weekend,’ prosecutors mentioned in a press release,” in response to Barron’s.

The unlawful market for medication, SIM playing cards, stolen and faux bank card information, counterfeit cash and extra reportedly ramped up in utilization this previous yr as many sellers needed to take their companies on-line as a result of COVID-19 pandemic.

With only a few clicks of a button, clients may purchase what they happy from any of the two,400-plus distributors on {the marketplace} by paying with the censorship-resistant forex bitcoin. There was a complete of 4,650 BTC and 12,800 of the shitcoin XMR concerned in over 320,000 transactions facilitated by {the marketplace}, in response to prosecutors.

Darknet marketplaces have lengthy been lively use circumstances for bitcoin. Bitcoin’s censorship-resistant qualities guarantee that customers can depend on it to purchase items on the black market, no matter third-party restrictions or international borders. It ought to be famous, nonetheless, that using bitcoin is pseudonymous, not utterly nameless.

The submit “World’s Largest” Darknet Market Has Been Shut Down appeared first on Bitcoin Journal.