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How and Why Did German Authorities Just Seize 543 Bitcoin? – CryptosRus

How and Why Did German Authorities Just Seize 543 Bitcoin? – CryptosRus



View Reddit by GreedyRichardNealView Source

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  1. tldr; The servers of Hydra Market, the world’s largest darknet market for drugs and money laundering, have been seized by the German police. In the seizure, the police were somehow able to nab 543 bitcoin from the “profits of Hydra.” This is worth around $25 million at press time. The market had around 17 million customers worldwide.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. > **Hydra acted as a custodial exchange**

    Whether it is hydra or Coinbase, all custodial exchanges can be and therefore must be destroyed. Only multisig is to be allowed. The Darwinian selection and elimination process will take care of that.

    > **Seth For Privacy believes it is likely the keys were stored on the seized servers/equipment.**

    Imbecilatii.

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