Investigators estimate the site generated more than €250 million ($267 million) in sales, with around 17,000 active listings, over 612,000 customer accounts, and about 3,200 registered vendors. Transactions on the website relied exclusively on Monero (XMR), a privacy-focused cryptocy favored in darknet trades.
Authorities searched the suspect’s apartment in Barcelona and properties in Hannover, Germany and in Bucharest, Romania. They seized eight mobile phones, four computers, 34 storage devices, and assets totaling about €7.8 million ($8.3 million). Meanwhile, the Dutch National Police located and disabled the marketplace’s server infrastructure in a data center in the Netherlands, cutting off access worldwide. Further raids took place across Germany and Sweden in coordinated actions against moderators and vendors affiliated with the market.
Law enforcement searched 20 additional properties, including sites in North Rhine-Westphalia, Lower Saxony, Hesse, and Baden-Württemberg, and arrested seven suspects in Sweden. In total, the operation netted 47 smartphones, 45 computers and notebooks, various narcotics, and more illicit proceeds linked to the platform’s activities. The substantial trove of data seized is expected to provide new leads as investigations continue.
The main suspect faces charges of operating a large-scale narcotics trafficking ring under German law, carrying severe penalties if convicted. The shutdown of Archetyp Market marks another major success in a string of global efforts to curb cybercrime, dismantle darknet infrastructure, and disrupt digital money laundering networks in recent years.
Coinbase is helping bring cryptocy deeper into the U.S. housing market through a partnership with Better Home…
A growing bipartisan effort to curb financial conflicts of interest in Washington is expanding beyond…
The worlds of fine art and digital collectibles are colliding once again as ElmonX prepares to launch…
VeVe is expanding beyond digital collectibles and comics with the launch of Stickerverse, a new social…
Kalshi is moving quickly to expand its newly approved crypto derivatives business after announcing plans to…
Former U.S. presidential candidate Andrew Yang is expanding his presence in the telecommunications industry after Noble Mobile announced the…