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According to reports, an alleged Hydra operator refuses to give up

02-Jun-2022 By: Shikha Jha
According to reports

One of the accused operators of the darknet market Hydra 

has had his crypto wallet seized by a Moscow court. 

According to media sources, the individual, who was apprehended in Russia in mid-April, is refusing to give Russian law enforcement access to his alleged crypto stockpile.

According to a local newspaper, the Russian court seeks to seize what it thinks to be a record amount of cryptocurrencies from a drug dealer's cryptocurrency wallet.

The crypto stockpile is believed to belong to a suspected co-founder and administrator of Hydra, perhaps the largest dark web bazaar, which was recently shut down by Germany.

Dmitry Olegovich Pavlov, a 30-year-old Cherepovets businessman, was arrested last month on a warrant issued by Moscow's Meshchansky District Court and charged with drug production, sale, and trafficking under Russia's Criminal Code.

His arrest came after the US Department of Justice brought criminal charges against a Russian resident with the same identity for drug distribution and money laundering conspiracy.

According to the story, Pavlov's wallet was confiscated with a court order, and investigators believe it contains hundreds of millions of dollars in cryptocurrencies. The state's ability to get the coins, on the other hand, remains to be seen.

The owner refused to hand over his wallet to Russian officials, and the actual quantity of digital currency held there has yet to be determined. Apart from the crypto wallet, Pavlov has been cooperative, according to Kommersant, and police already have his phones and computers.

According to a local newspaper, Dmitry Pavlov is the first Hydra administrator detained in the history of the Russian-language market. Before it was caught in early April, when German law officials raided its server infrastructure and took down the darknet market's website with the help of US authorities, the platform had been functioning since at least 2015 and had roughly 17 million customers.

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