Banking Law News
Jan. 12, 2021, 5:19 PM
German police took down what they believe was the world’s largest illegal “Darknet” marketplace, shuttering a platform that about half a million people used to trade drugs and crypto currencies including Bitcoin.
Police arrested a 34-year-old Australian national near the Danish border who was alleged to have operated the site called DarkMarket, prosecutors in the western German city of Koblenz said Tuesday. Authorities also confiscated more than 20 servers in Moldova and Ukraine.
DarkMarket facilitated at least 320,000 transactions — including 4,650 for Bitcoin and 12,800 for Monero, another crypto currency — valued at more than 140 million euros ($170…