Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 11919
Markets: 92096
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
11919
Cryptocurrencies
54.89%
Bitcoin Share
The Coin Rise 2024-12-04 11:30:32

Hydra Founder Stanislav Moiseev Sentenced to Life in Russia

Hydra Founder Stanislav Moiseev Sentenced to Life in Russia

Stanislav Moiseev, the mastermind behind Hydra—the infamous online black market and crypto mixing platform—has been sentenced to life in prison by a Moscow court. Hydra, which handled over $5 billion in cryptocurrency during its reign, was a hub for illicit activities, including drug sales, fake identities, and stolen financial data. The Moscow Regional Court also convicted 15 of Moiseev’s accomplices, issuing prison sentences ranging from 8 to 23 years. The group faced charges of criminal enterprise operation and illegal production and distribution of psychotropic substances. Moiseev was fined 4 million rubles ($38,100), while his associates were collectively ordered to pay 16 million rubles ($152,400). Additionally, properties and vehicles linked to the group were seized, and all sentences will be served under strict regimes in Russian correctional colonies, as reported by TASS. Hydra: A Darknet Giant Brought Down Launched in 2015, Hydra grew to become the world’s largest darknet marketplace, reportedly accounting for 80% of all darknet-related cryptocurrency transactions by 2021. The platform’s operations became increasingly sophisticated, with crypto transaction volumes surging by 624% between 2018 and 2020, according to a report by Flashpoint and TRM Labs. German authorities dismantled Hydra in April 2022, seizing its servers and Bitcoin holdings. At its peak, the platform boasted 17 million customers and 19,000 vendors. During the takedown, nearly a ton of narcotic substances was also confiscated. Despite Hydra’s closure, a Chainalysis report earlier this year revealed that darknet marketplaces collectively generated $1.7 billion in revenue in 2023—highlighting the resilience of illicit online trade. A Warning to Darknet Operators Hydra’s downfall marks a major victory for international law enforcement. Russia’s Ministry of Internal Affairs had been investigating the platform since 2016, and Moiseev’s conviction sends a strong message about the consequences of orchestrating such criminal networks. The sentences for Moiseev and his co-defendants are subject to appeals, but their convictions represent a broader effort to curb the use of cryptocurrencies in illegal activities. With Hydra’s demise and ongoing crackdowns, the darknet’s shadowy operations are being steadily exposed. As authorities strengthen their efforts, Hydra’s story serves as a cautionary tale for those exploiting cryptocurrency’s anonymity for illicit purposes . The post Hydra Founder Stanislav Moiseev Sentenced to Life in Russia appeared first on TheCoinrise.com .

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
54.89%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.