Court Seizes Alleged Hydra Administrator’s Crypto Wallet, But Can’t Access It

A Moscow court ordered the arrest of the cryptocurrency wallet of Dmitry Pavlov, who is suspected of administering the Hydra darknet marketplace.

According to Kommersant, all Pavlov’s phones and computers were confiscated, and he himself is cooperating with the investigation. However, the suspect refused to disclose the password for the crypto wallet.

According to the Telegram channel Mash, the investigation suggests that hundreds of millions of dollars worth of bitcoins may be in the wallet.

Recall that Hydra is one of the largest darknet marketplaces in the world. According to US authorities, from January 2016 to March 2022, cryptocurrencies worth more than $5 billion were received into wallets controlled by the site. Last year, it accounted for approximately 80% of all crypto transactions related to the dark web.

In April, German police confiscated the platform’s servers and seized 543 BTC, while the US Treasury imposed sanctions against Hydra.

An American court charged Dmitry Pavlov with administering a darknet site, providing it with hosting services, conspiracy to launder money and distribute drugs.

On April 11, the Meshchansky District Court of Moscow arrested Pavlov. In the Russian Federation, he is accused of illegal sale of drugs on an especially large scale.

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