ChainCatcher news, a Russian court has sentenced the founder of the online black market and cryptocurrency mixing service Hydra, Stanislav Moiseev, to life imprisonment. The service handled over $5 billion in cryptocurrency during its operation.
According to a statement from the Moscow Prosecutor's Office on December 2, the Moscow Regional Court found Moiseev and his 15 accomplices guilty of organized crime group activities and the illegal production and sale of psychotropic substances and drugs. The prison sentences for Moiseev's 15 accomplices range from 8 to 23 years. Moiseev was also fined $38,100 (4 million rubles), while his 15 accomplices were ordered to pay a total of $152,400 (16 million rubles). As part of the sentencing order, property and vehicles related to the convicted individuals were also seized.
According to Russian state media TASS, they will serve their sentences in a 'strict regime' penitentiary.