Russian court sentences founder of crypto mixing service Hydra to life in prison

A Russian court has sentenced Stanislav Moiseev, the founder of online black market and cryptocurrency mixing service Hydra, which processed more than $5 billion worth of cryptocurrencies during its operation, to life in prison. According to a statement from the Moscow Prosecutor's Office on December 2, the Moscow Regional Court found Moiseev and 15 of his associates guilty of organized criminal gangs and illegal production and sale of psychotropic substances and narcotics. The sentences handed down by Moiseev's 15 associates ranged from eight to 23 years. Moiseev was also fined $38,100 (4 million rubles), while his 15 associates were ordered to pay a total of $152,400 (16 million rubles). As part of the sentencing order, property and vehicles associated with the convicted were also seized. According to Russian state-owned media outlet TASS, they will serve their sentences in a correctional facility under a "strict regime." (Cointelegraph)