Russian police shut down 5 crypto exchanges tied to a darknet drug market

Russian law enforcement has dismantled five cryptocurrency exchanges and a darknet marketplace they were allegedly serving. The move comes as Moscow aims to end all illegal coin trading with some actions threatening the survival of legitimate platforms, too. Russian police shut down crypto exchanges laundering darknet money Russia’s Ministry of Internal Affairs (MVD) has busted five digital-asset exchanges that it says were utilized to launder criminal proceeds. It claims the platforms, which were not identified by name, were used by the operators of a drug market on the dark web, local media revealed on Wednesday. The latter has been taken down as well, alongside an associated forum where users discussed trading of banned substances through the hidden service.

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