According to a statement from the Moscow Prosecutor's Office, Stanislav Moiseev, the founder of the Hydra market, was sentenced to life imprisonment by a Russian court for organizing a criminal gang and illegally producing and selling narcotic drugs. Additionally, 15 co-defendants were sentenced to 8 to 23 years in prison and fined a total of $160,000 (approximately 16 million rubles). Hydra was one of the largest darknet markets in the world, handling over $5.2 billion in cryptocurrency transactions between 2015 and 2022, accounting for 80% of the global darknet-related cryptocurrency transaction volume in 2021. The platform was known for selling credit card information, forged documents, and drugs, and was shut down by German law enforcement in April 2022, with its servers and some Bitcoin assets seized. (Cointelegraph)