Friday, November 1, 2024
HomeDark WebAuthorities Shut Down the World's Largest Dark Web Marketplace and Arrested its...

Authorities Shut Down the World’s Largest Dark Web Marketplace and Arrested its Operators

Published on

Malware protection

German Federal police with the help of Europol and FBI taken down the world’s second largest illegal online dark web market Wall Street Market and also arrested two of the leading suppliers.

The Wall Street market was the second largest dark web market that has over 1 150 000 and 5 400 vendors. The dark web market is reachable via the Tor network.

Most recently, more than 63 000 sales offers were placed on the online marketplace and the payments handled in the marketplace via cryptocurrencies Bitcoin and Monero to maintain anonymity.

- Advertisement - SIEM as a Service

The administrators of the marketplace have received commission payments of 2 to 6 percent of the illegal sales value, Europol says in press release.

Three suspects were arrested by German authorities and they have “seized over €550 000 in cash, alongside cryptocurrencies Bitcoin and Monero in 6-digit amounts, several vehicles and other evidence, such as computers and data storage.”

Another dark web market was shut down by Silkkitie, also known as Valhalla Marketplace shut down earlier this year, some of the vendors from Silkkitie moved to Wall Street Market and German authorities brought their illegal activities to an end.

The Silkkitie is one of the oldest site known for trading illicit goods, it has been active from since 2013. Earlier this year Finnish authorities seized entire web server and contents of the market place.

“These two investigations show the importance of law enforcement cooperation at an international level and demonstrate that illegal activity on the dark web is not as anonymous as criminals may think,” said Europol’s Executive Director, Catherine De Bolle.

“Europol has established a dedicated Dark Web Team to work together with EU partners and law enforcement across the globe to reduce the size of this underground illegal economy.”

You can follow us on LinkedinTwitterFacebook for daily Cybersecurity updates also you can take the Best Cybersecurity courses online to keep your self-updated.

FBI-affiliated Websites Hacked – Hackers Steals Agents Personal data From Websites and Published Online

Two Hackers of Bayrob Malware Gang Convicted for Infecting more than 400,000 Computers Worldwide

Gurubaran
Gurubaran
Gurubaran is a co-founder of Cyber Security News and GBHackers On Security. He has 10+ years of experience as a Security Consultant, Editor, and Analyst in cybersecurity, technology, and communications.

Latest articles

LightSpy iOS Malware Enhanced with 28 New Destructive Plugins

The LightSpy threat actor exploited publicly available vulnerabilities and jailbreak kits to compromise iOS...

ATPC Cyber Forum to Focus on Next Generation Cybersecurity and Artificial Intelligence Issues

White House National Cyber Director, CEOs, Key Financial Services Companies, Congressional and Executive Branch...

New PySilon RAT Abusing Discord Platform to Maintain Persistence

Cybersecurity experts have identified a new Remote Access Trojan (RAT) named PySilon. This Trojan...

Konni APT Hackers Attacking Organizations with New Spear-Phishing Tactics

The notorious Konni Advanced Persistent Threat (APT) group has intensified its cyber assault on...

Free Webinar

Protect Websites & APIs from Malware Attack

Malware targeting customer-facing websites and API applications poses significant risks, including compliance violations, defacements, and even blacklisting.

Join us for an insightful webinar featuring Vivek Gopalan, VP of Products at Indusface, as he shares effective strategies for safeguarding websites and APIs against malware.

Discussion points

Scan DOM, internal links, and JavaScript libraries for hidden malware.
Detect website defacements in real time.
Protect your brand by monitoring for potential blacklisting.
Prevent malware from infiltrating your server and cloud infrastructure.

More like this

Exodus Underground Market Place Emerging As A Heaven For Cybercriminals

The Exodus Market, a haven for exiled criminals, has grown to become a significant...

Operation SpecTor: Authorities Seized Dark Markets Offering Illicit Goods

Law enforcement agencies have successfully dismantled several dark web marketplaces offering illicit goods.Dubbed...

Sonicwall SSL-VPN exploit Advertised on the Dark web

The dark web has seen the release of a new vulnerability that targets SonicWALL...