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Michigan Post > Blog > Crypto & Web 3 > Dutch police reveal darkweb probe behind $8.7M crypto seizure
Crypto & Web 3

Dutch police reveal darkweb probe behind $8.7M crypto seizure

By Editorial Board Published October 10, 2024 2 Min Read
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Dutch police reveal darkweb probe behind .7M crypto seizure

Dutch police reveal darkweb probe behind .7M crypto seizure

Dutch police have revealed that they performed a long-term investigation into the “largest and longest running international darkweb market of all time worldwide” that resulted within the arrests of two of the operation’s admins and the seizure of €8 million ($8.7 million) in crypto.

{The marketplace}, which was made up of two entities, Bohemia and Cannabia, provided customers the power to purchase malware and DDoS assaults, and a medicine market that bought predominantly hashish. In keeping with Dutch authorities, “Never before has a darkweb market of this size been discovered by the police.”

Police say {the marketplace} had an promoting outreach of 82,000 advertisements per day, facilitated 67,000 transactions per thirty days, and made €12 million ($13.1 million) in September 2023 alone.  

The investigation started in 2022 and {the marketplace} collapsed in late 2023 after it carried out an ‘exit scam.’ In keeping with Bleeping Laptop, varied service disruptions and a feud with a “rogue developer” contributed to its collapse.

One of many admins, a 20-year-old from the UK, was arrested at Schiphol airport on June 27, and his digital units together with bitcoin entry keys had been seized.

The opposite, a 23-year-old Irish man, was arrested by Irish authorities final August. Collectively, the pair made €5 million ($5.46 million) working the positioning. 

TAGGED:8.7MCryptodarkwebDutchPoliceproberevealseizure
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