Joker’s Stash, the biggest dark web market notorious for advertising compromised payment card details, has announced plans to shut down its operations on February 15, 2021.
In a message board post on a Russian-language underground cybercrime discussion board, the operator of the site — who goes by the identify “JokerStash” — explained “it really is time for us to leave for good” and that “we will hardly ever at any time open once more,” according to twin reports from cybersecurity companies Gemini Advisory and Intel471.
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“Joker goes on a effectively-deserved retirement. Joker’s Stash is closing,” the put up go through. “When we opened decades back, nobody knew us. Nowadays we are one particular of the biggest playing cards/dumps marketplace[s].”
The exact reason for the shut down is nonetheless unclear.
Joker’s Stash, due to the fact its origins in 2014, emerged as just one of the biggest players in the underground payment card economy over the several years, with about $1 billion generated in revenues.
The news of the imminent shutdown will come weeks right after the US Federal Bureau of Investigation (FBI) and Interpol allegedly seized proxy servers employed in connection with Blockchain-primarily based domains belonging to the web site previous month, briefly disrupting its functions.
Including to the mounting difficulties was a “severe decrease” in the volume of stolen data posted on the internet site, primary to grievances from clients about the lousy good quality of the payment card facts.
Then in late October, the site’s plan activities also experienced soon after the actor who allegedly runs the site claimed to have contracted COVID-19 and experienced been paying out extra than one particular week in a medical center.
Gemini Advisory pointed to Bitcoin’s recent spike as one more reason that might have led to the website’s demise.
Bitcoin hit a file higher of $40,000 past 7 days, lifting the overall value of the cryptocurrency market place earlier mentioned $1 trillion for the very first time at any time.
“JokerStash was an early advocate of Bitcoin and promises to hold all proceeds in this cryptocurrency,” the researchers reported. “This actor was already very likely to be amongst the wealthiest cybercriminals, and the spike may well have multiplied their fortune, earning them enough income to retire.”
Joker’s Stash’s shut down just isn’t the close of the road, even so, as suppliers are envisioned to transition to other dark web marketplaces to market their companies.
The site’s administrator had a handful of parting terms of suggestions for cybercriminals.
“We are also want to wish all youthful and experienced types cyber-gangsters not to shed by themselves in the pursuit of simple money (sic),” the publish concluded. “Don’t forget, that even all the income in the planet will hardly ever make you delighted and that all the most really precious factors in this daily life are cost-free.”
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Some elements of this article are sourced from:
thehackernews.com
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