Last week, following a tip-off, the German authorities seized US$25 million (S$34 million) in Bitcoin as they shut down Hydra, considered to be the world's largest Dark Web market peddling in narcotics, stolen credit card data, counterfeit currencies and fake passports.
The US Treasury's Office of Foreign Assets Control also announced sanctions against Hydra and the crypto exchange Garantex, which operates out of Moscow and St Petersburg.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you