German prosecutors in the cities of Koblenz and Oldenburg said on Tuesday that they had shut down what was “probably the largest illegal marketplace on the Darknet” called DarkMarket and arrested the man believed to operate it near Germany’s border with Denmark.
The detained man, believed to be DarkMarket’s operator, is a 34-year-old Australian national.
Authorities say drugs, counterfeit money, stolen credit card data, anonymous SIM cards and malware were all traded on the site, which had a half a million users and transacted business in cryptocurrencies equivalent to a value of €140 million ($170 million).
Oldenburg police said the raid took place over the weekend. “Investigators were able to shut down the marketplace and turn off the server on Monday,” prosecutors said.