European authorities, through a coordinated international operation by Europol, have arrested DarkMarket, which is said to be the world’s largest marketplace in the dark web.
The market was considered one of the most popular havens for criminals looking to sell drugs, malware, stolen credit card data and SIM cards, among other things.
German law enforcement authorities have arrested an Australian man believed to be the operator of the illegal site, and confiscated 20 hosting servers, putting an end to what has become a hotbed of illegal activity.
Before it closed, DarkMarket hosted nearly 500,000 users and facilitated more than 320,000 transactions, according to Europol.
The dark web marketplace traded everything from drugs and fake money to stolen credit card details and malware.
According to an estimate by Europol, the site traded the equivalent of 140 million euros in money today, in a combination of Bitcoin and Monero.
European authorities plan to use DarkMarket servers confiscated from Ukraine and Moldova to investigate buyers and sellers who used the site in criminal transactions.