Cyber Risks · Krebs on Security

Feds Bust Up Dark Web Hub Wall Street Market

Summary: Federal investigators in the United States, Germany and the Netherlands charged three German nationals and a Brazilian man as alleged administrators of the Wall Street Market, a dark web bazaar in six languages that hosted roughly 5,400 vendors selling to about 1.15 million customers. Prosecutors allege the operators ran an exit scam last month, diverting approximately $11 million in virtual currency from marketplace escrow and user accounts, and a moderator using the name Med3l1n began blackmailing vendors and buyers for 0.05 Bitcoin each.

What's compelling: The site's own moderator turned on its users, demanding 0.05 Bitcoin (about $280) from vendors and buyers in exchange for silence about transaction details shared in unencrypted support requests. Investigators tied the Med3l1n persona to a real identity through forum posts and photos left online years earlier, which is the exposure every pseudonymous operator carries.

Read the original at Krebs on Security ↗

Topics
Data Breaches
Related