Informed Crypto News
Dutch police reveal darkweb probe behind $8.7M crypto seizure
Headline, Dutch police revealed Dark Web Probe behind $8.7 million crypto seizure, published at 2.23 PM UTC, October 10, 2024 on Protos.com. Dutch police have revealed that they conducted a long-term investigation into the largest and longest-running international Dark Web market of all-time worldwide, that resulted in the arrests of two of the operations admins and the seizure of 8 million euros, 8.7 million in crypto. The marketplace, which was made up of two entities, Bohemia and Kannabia, offered users the ability to buy malware and DDoS attacks, and a drugs market that sold predominantly cannabis. According to Dutch authorities, "Never before has a Dark Web market of this size been discovered by the police." Police say the marketplace had an advertising outreach of 82,000 ads per day, facilitated 67,000 transactions per month and made 12 million euros (13.1 million) in September 2023 alone. The investigation began in 2022 and the marketplace collapsed in late 2023 after it performed an exit scam. According to Bleeping Computer, various service disruptions and a feud with a rogue developer contributed to its collapse. One of the admins, a 20-year-old from the UK, was arrested at Shiphall Airport on June 27th, and his electronic devices along with Bitcoin access keys were seized. The other, a 23-year-old Irish man, was arrested by Irish authorities last August. Collectively, the pair made 5 million euros, 5.46 million running the site. This recording was AI-generated. Get more crypto news at protos.com.