International law enforcement operation successfully destroys dark web crime market 'Archetyp Market'

On June 18th, according to CryptoSlate, an international law enforcement operation successfully dismantled one of the world's largest dark web crime markets, Archetyp Market, which is estimated to generate over 250 million euros (approximately 267 million US dollars) in sales and relies entirely on the privacy cryptocurrency Monero (XMR) for transactions. The operation was coordinated by law enforcement agencies from multiple countries, including the Frankfurt Prosecutor's Office in Germany, the German Federal Criminal Police, the Spanish National Police, and the Dutch National Police. On June 11th, the Spanish police tactical unit arrested the 30-year-old German mastermind in Barcelona. The police seized 8 mobile phones, 4 computers, 34 storage devices, and assets worth approximately 7.8 million euros (8.3 million US dollars). Germany and Sweden have taken further coordinated actions against suppliers related to the market and arrested seven suspects in Sweden. The main suspect will face charges of operating a large-scale drug trafficking network under German law.