The founder of the encryption hybrid server Hydra has been sentenced to life imprisonment.

Author: brayden lindrea, cointelegraph; compile: five baht, Bit chain view world

Stanislav Moiseev, the founder of the online black market and cryptocurrency hybrid service Hydra, received cryptocurrencies worth more than $ 5 billion during its operation and was sentenced to life imprisonment by Russian courts.

Moscow Prosecutor’s Office issued a statement on December 2, saying thatThe Moscow District Court determined that Moiseev and his 15 associates of criminal groups were illegally produced and sold for psychotropic drugs and drugs.

15 associates of Moiseev were sentenced to 8 to 23 years.

Moiseev was also fined $ 38,100 (4 million rubles), and his 15 associates were ordered to pay a total of $ 152,400 (16 million rubles).

As part of the sentencing order, the property and vehicles related to the convicted person are also confiscated.

According to the Russian state -owned media Tas, they will serve in a punishment in the “strict system”.

Moscow court’s sentence to Hydra.Source: Tas Society

According to the US Department of Justice,HYDRA was once the world’s largest dark network market, accounting for 80%of all dark network -related cryptocurrency transactions in 2021. From 2015 to 2022 closed, its cryptocurrency revenue exceeded $ 5.2 billion.

It is notorious due to the sale of stolen card data, forgery currency, and forgery of identity documents.

According to a report released by the blockchain security company Flashpoint in May 2021, as its criminal activities became more complicated, the cryptocurrency transaction volume of Hydra on the exchange increased by 624%year -on -year between 2018 and 2020.

The German authorities closed the company in April 2022, controlled its Bitcoin and servers in the country, and reported that the service had 17 million customers and 19,000 supplier accounts.The German law enforcement department also seized nearly one ton of anesthesia and psychotropic drugs.

Hydra has been investigated by the Russian Ministry of the Interior since 2016.

Other members of the sentence involved include Alexander Chirkov (Alexander Chirkov), Andrei Trunov, Evgeny Andreev (Evgeny Andreev), IvankoIvan Koryakin, Vadim Krasninsky, Georgy Kierobiani, and Artur Kolesnikov, Nikolai Bilyk, Alekandr Kabalina, Mikhail Dombrovkogo, Alexander Aminova, and XieSergey CZECH.

These judgments can appeal.

According to a report from Chainalysis earlier this year, the revenue of the dark web market in 2023 was at least $ 1.7 billion, further growth from Hydra’s closure of Hydra in 2022.

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