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'Crocodile of Wall Street' and husband are arrested in Bitcoin scheme

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A married couple has been arrested and charged with laundering billions in stolen during the 2016 Bitfinex hack, as the Justice Department announced its largest financial seizure ever. 

Ilya 'Dutch' Lichtenstein, 34, and his wife, Heather Rhiannon Morgan, 31, who raps under the name Razzlekhan, were arrested on Tuesday in Manhattan on federal charges of conspiracy to commit money laundering and conspiracy to defraud the United States.

Federal law enforcement officials said they recovered roughly $3.6 billon in cryptocurrency linked to the hack of Bitfinex, a virtual currency exchange whose systems were breached nearly six years ago.  

Lichtenstein and Morgan live on Wall Street in lower Manhattan. He is a citizen of both  and the United States and the co-founder of an online marketing firm.

Morgan, a rapper and former Forbes contributor, describes herself as 'an expert in persuasion, social engineering, and game theory' and in one of her songs, declared herself the 'Crocodile of Wall Street.' 

Ilya 'Dutch' Lichtenstein, 34, and his wife, Heather Rhiannon Morgan, 31, who raps under the name Razzlekhan, dark market 2024 were arrested on Tuesday in Manhattan on money laundering charges

Morgan (seen in front of Federal Hall on Wall Street in a music video) declared herself the 'Crocodile of Wall Street' in one of her rap songs

In this courtroom sketch, attorney Sam Enzer, center, sits between Heather Morgan, left, and her husband, Ilya 'Dutch' Lichtenstein, tor drug market in federal court on Tuesday

'I'm many things, a rapper, an economist, a journalist, a writer, a CEO, and a dirty, darknet market site dirty, dirty dirty h*,' she raps in her 2019 single, Versace Bedouin.

'When she's not reverse-engineering black darknet markets links to think of better ways to combat fraud and cybercrime, she enjoys rapping and designing streetwear fashion,' her  reads. 

The August 2016 Bitfinex hack itself was one of the largest crypto heists ever recorded - so massive that news of the theft knocked 20 percent off Bitcoin's value at the time. 

Lichtenstein and Morgan are thus far not charged directly with perpetrating the hack, but rather with receiving and laundering the stolen funds. The case was filed in a federal court in Washington, D.C.

It was unclear who will be representing the couple in the criminal case and whether they had an attorney to speak on their behalf.

They were due to appear in federal court in Manhattan at 3 p.m. on Tuesday. 

The couple is accused of conspiring to launder 119,754 bitcoin that was stolen, after a hacker attacked Bitfinex and initiated more than 2,000 unauthorized transactions.

Morgan, a rapper and former Forbes contributor, describes herself as 'an expert in persuasion, social engineering, and game theory'

The couple is accused of conspiring to launder 119,754 bitcoin that was stolen, after a hacker attacked Bitfinex and initiated more than 2,000 unauthorized transactions

Justice Department officials said the transactions at the time were valued at $71 million in Bitcoin, but with the rise in the currency's value, it is now valued at over $4.5 billion.

'As the complaint alleges, the FBI and federal prosecutors were able to trace the movement of Bitcoin from this hack,' said Matthew Graves, the U.S. Attorney for the District of Columbia.

He added that the money moved through a major darknet market exchange tied to a host of crimes, as well as cryptocurrency addresses tied to child sexual abuse materials.

Lichtenstein and darkmarket list 2024 Morgan are facing charges of conspiring to commit money laundering, as well as to defraud the United States.

Prosecutors said on Tuesday the illegal proceeds were spent on a variety of things, from gold and non-fungible tokens to 'absolutely mundane things such as purchasing a Walmart gift card for $500.'

Bitfinex said in a statement that it was to working with the Department of Justice to 'establish our rights to a return of the stolen bitcoin.'

'We have been cooperating extensively with the DOJ since its investigation began and will continue to do so,' the company said. 

Bitfinex said it intends to provide further updates on its efforts to obtain a return of the stolen bitcoin as and when those updates are available. 

Tuesday's criminal complaint came more than four months after Monaco announced the department was launching a new National Cryptocurrency Enforcement Team, which is comprised of a mix of anti-money laundering and cybersecurity experts.

The August 2016 Bitfinex hack itself was one of the largest crypto heists ever recorded - so massive that news of the theft knocked 20 percent off Bitcoin's value

Lichtenstein and Morgan are facing charges of conspiring to commit money laundering, as well as to defraud the United States

Morgan is seen rapping with the New York Stock Exchange behind her to the right

Cyber criminals who attack companies, municipalities and individuals with ransomware often demand payment in the form of cryptocurrency.

In one high-profile example last year, hackers caused a widespread gas shortage on the U.S. East Coast when by using encryption software called DarkSide to launch a cyber attack on the Colonial Pipeline.

The Justice Department later recovered some $2.3 million in cryptocurrency ransom that Colonial paid to the hackers.

Cases like these demonstrate that the Justice Department 'can follow money across the blockchain, just as we have always followed it within the traditional financial system,' said Kenneth Polite, assistant attorney general of the department's Criminal Division. 

Justice Department officials say that though the proliferation of cryptocurrency and virtual currency exchanges represent innovation, the trend has also been accompanied by money laundering, ransomware and other crimes

'Today´s arrests, and the Department´s largest financial seizure ever, show that cryptocurrency is not a safe haven for criminals,' Deputy Attorney General Lisa Monaco said in a statement. 

'In a futile effort to maintain digital anonymity, the defendants laundered stolen funds through a labyrinth of cryptocurrency transactions. Thanks to the meticulous work of law enforcement, the department once again showed how it can and will follow the money, no matter the form it takes.'  

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The history of hacking ransoms and cryptocurrency

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Earlier this month, hundreds of companies from the US to Sweden were entangled in the , a company that offers network infrastructure to businesses around the world.

I’m trying to challenge myself to taking 5 stock photos a day for the next 30 days! I have no clue whether I will succeed or not however I need to be pushing myself - the challenge starts today! I overslept so you’re looking at captures from my room.

The Kaseya hack comes on the heels of other headline-grabbing cyberattacks like the  and the . In each instance, criminals had the opportunity to make off with millions -- and much of the ransoms were paid in Bitcoin.

"We have to remember the primary reason for creating Bitcoin in the first place was to provide anonymity and secure, trustless and borderless transaction capabilities," says Keatron Evansprincipal security researcher at .

As Bitcoin grows more prominent in markets around the world, cybercrooks have found a vital tool to help them move illegal assets quickly and pseudonymously. And by all accounts, the attacks are only becoming more common. 

Ransomware on the rise

Ransomware is a cybercrime that involves ransoming personal and business data back to the owner of that data. 

First, a criminal hacks into a private network. The hack is accomplished through various tactics, including phishing, social engineering and preying upon users' weak passwords.

Once network access is gained, the criminal locks important files within the network using encryption. The owner can't access the files unless they pay a ransom. Nowadays, cybercriminals tend to request their ransoms in cryptocurrencies.

The FBI  ransomware attacks accounted for at least $144.35 million in Bitcoin ransoms from 2013 to 2019. 

These attacks are scalable and can be highly targeted or broad, ensnaring anyone who happens to click a link or install a particular software program. 

This allows a small team of cybercrooks to ransom data back to organizations of all sizes -- and the tools needed to hack into a small business or multinational cooperation are largely the same. 

Private citizens, businesses, and state and national governments have all fallen victim -- and many decided to pay ransoms.

Today's business world depends on computer networks to keep track of administrative and financial data. When that data disappears, it can be impossible for the organization to function properly. This provides a large incentive to pay up. 

Although victims of ransomware attacks are encouraged to report the crime to federal authorities, there's no US law that says you have to report attacks (). Given this, there's little authoritative data about the number of attacks or ransom payments. 

However, a recent study from Threatpost  only 20% of victims pay up. Whatever the actual number is, the FBI  against paying ransoms because there's no guarantee that you'll get the data back, and paying ransoms creates further incentive for ransomware attacks. 

Why do hackers like cryptocurrency?

Cryptocurrency provides a helpful ransom tool for cybercrooks. Rather than being an aberration or misuse, the ability to make anonymous (or pseudonymous) transfers is a  of cryptocurrency. 

"Bitcoin can be acquired fairly easily. It's decentralized and readily 

available in almost any country," says Koen Maris, a cybersecurity expert and advisory board member at IOTA Foundation.

Different cryptocurrencies feature different levels of anonymity. Some cryptocurrencies, like Monero and Zcash, specialize in confidentiality and darkmarket list may even provide a higher level of security than Bitcoin for cybercriminals. 

That's because Bitcoin isn't truly anonymous -- it's pseudonymous. Through careful detective work and analysis, it appears possible to trace and recoup Bitcoin used for ransoms, as the FBI  after the Colonial Pipeline hack. So Bitcoin isn't necessarily used by ransomers simply because of security features. Bitcoin transfers are also fast, irreversible and easily verifiable. Once a ransomware victim has agreed to pay, the criminal can watch the transfer go through on the public blockchain. 

After the ransom is sent, it's usually gone forever. Then crooks can either exchange the Bitcoin for another currency -- crypto or fiat -- or transfer the Bitcoin to another wallet for safekeeping. 

While it's not clear exactly when or how Bitcoin became associated with ransomware, hackers, cybercrooks, and crypto-enthusiasts are all computer-savvy subcultures with a natural affinity for new tech, and dark web markets Bitcoin was adopted for illicit activities online soon after its creation. One of Bitcoin's first popular uses was currency for transactions on the onion dark website web. The  was among the early marketplaces that accepted Bitcoin.

Financial impact

Ransomware is big business. Cybercriminals made off just under $350 million worth of cryptocurrency in ransomware attacks last year, . That's an increase of over 300% in the amount of ransom payments from the year before. 

The COVID-19 pandemic set the stage for a surge in ransomware attacks. With vast tracts of the global workforce moving out of well-fortified corporate IT environments into home offices, cybercriminals had more surface area to attack than ever.

According to , the organizational changes needed to accommodate remote work opened up more businesses for cybercrime exploits, dark web darknet markets 2024 with Coalition's policyholders reporting a 35% increase in funds transfer fraud and social engineering claims since the beginning of the pandemic.

It's not just the number of attacks that is increasing, but the stakes, too. A  from Palo Alto Networks estimates that the average ransom paid in 2020 was over $300,000 -- a year-over-year increase of more than 170%.

When an organization falls prey to cybercrime, the ransom is only one component of the financial cost. There are also remediation expenses -- including lost orders, business downtime, consulting fees, and other unplanned expenses. 

The  report from Sophos found that the total cost of remediating a ransomware attack for a business averaged $1.85 million in 2021, up from $761,000 in 2020. 

Many companies now buy cyber insurance for financial protection. But as ransomware insurance claims increase, the insurance industry is also dealing with the fallout.

Globally, the price of cyber insurance has , according to a new report from Howden, an international insurance broker. The increase is likely due to the growing cost these attacks cause for insurance providers. 

A cyber insurance policy generally covers a business's liability from a data breach, such as expenses (i.e., ransom payments) and legal fees. Some policies may also help with contacting the businesses customers who were affected by the breach and repairing damaged computer systems. 

Cyber insurance payouts now account for  of all premiums collected, which is the break-even point for the providers. 

"We noticed cyber insurers are paying ransom on behalf of their customers. That looks like a bad idea to me, as it will only lead to more ransom attacks," says Maris. "Having said that, I fully understand the argument: the company either pays or it goes out of business. Only time will tell whether investing in ransom payments rather than in appropriate cybersecurity is a viable survival strategy."

Early adopters

The AIDS Trojan, or darknet market darknet market links PC Cyborg Trojan, is the first known ransomware attack. 

The attack began in 1989 when an AIDS researcher distributed thousands of copies of a floppy disk containing malware. When people used the floppy disk, it encrypted the computer's files with a message that demanded a payment sent to a PO Box in Panama. 

Bitcoin wouldn't come along until almost two decades later. 

In 2009, Bitcoin's mysterious founder, Satoshi Nakamoto, created the blockchain network by mining the first block in the chain -- the genesis block. 

Bitcoin was quickly adopted as the go-to currency for the dark web. While it's unclear exactly when Bitcoin became popular in ransomware attacks, the 2013 CryptoLocker attack definitely put Bitcoin in the spotlight. 

CryptoLocker infected more than 250,000 computers over a few months. The criminals made off with about $3 million in Bitcoin and pre-paid vouchers. It took an internationally coordinated operation to take the ransomware offline in 2014.

Since then, Bitcoin has moved closer to the mainstream, and ransomware attacks have become much easier to carry out.

Early ransomware attackers generally had to develop malware programs themselves. Nowadays, ransomware can be bought as a service, just like other software. 

Ransomware-as-a-service allows criminals with little technical know-how to "rent" ransomware from a provider, which can be quickly employed against victims. Then if the job succeeds, the ransomware provider gets a cut. 

Future legislation

In light of the recent high-profile ransomware attacks, calls for new legislation are growing louder in Washington.

President Joe Biden issued an  in May "on improving the nation's cybersecurity." The order is geared toward strengthening the federal government's response to cybercrime, and it looks like more legislation is on the way.

The  was recently introduced by a bipartisan group of senators. The bill aims to ramp up penalties for cyberattacks that impact critical infrastructure, so the Justice Department would have an easier time charging criminals in foreign countries under the new act.

States are also taking their own stands against cybercrime:  have proposed legislation to outlaw ransomware payments. North Carolina, Pennsylvania, and Texas are all considering new laws that would outlaw taxpayer money from being used in ransom payments. New York's law goes a step further and could outright ban private businesses from paying cybercrime ransoms. 

"I think the concept of what cryptocurrency is and how it works is something that most legislative bodies worldwide struggle with understanding," says Evans. "It's difficult to legislate what we don't really understand."

What Everyone is Saying About Onlinecasinobonusguide.net Is Dead Wrong And Why

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Climate change is a pervasive and pressing issue that is affecting ecosystems and biodiversity worldwide. The increasing concentration of greenhouse gases in the atmosphere is leading to a rise in global temperatures, changes in precipitation patterns, and more frequent extreme weather events. These shifts are having profound impacts on the distribution and abundance of plant and animal species, ultimately threatening biodiversity on a global scale.

One of the most immediate and visible effects of climate change on biodiversity is the alteration of habitats. As temperatures continue to rise, many species are being forced to relocate to higher latitudes or elevations in search of suitable conditions. This can lead to disruptions in food webs and competition with native species, ultimately resulting in declines in population size or even extinction. For example, polar bears are facing increasing challenges as their sea ice habitat melts at an alarming rate, forcing them to travel longer distances to find food and mate, ultimately leading to decreases in their population numbers.

In addition to habitat loss, climate change is also exacerbating other threats to biodiversity, such as the spread of invasive species and the outbreak of diseases. Warmer temperatures are allowing invasive species to move into new areas and onlinecasinobonusguide.net outcompete native species for resources, leading to declines in biodiversity and disruptions in ecosystem functioning. Furthermore, changes in climate can create more favorable conditions for the spread of infectious diseases among plants and animals, further impacting population dynamics and ecosystem stability.

The consequences of climate change on biodiversity are not limited to individual species but can also have cascading effects throughout entire ecosystems. For example, changes in precipitation patterns can lead to droughts or floods, altering the availability of resources for plants and animals and disrupting the delicate balance of interactions within the ecosystem. This can have far-reaching consequences for ecosystem services, such as pollination, nutrient cycling, and water purification, ultimately affecting human well-being.

Efforts to mitigate the effects of climate change on biodiversity are essential to ensure the long-term health and resilience of ecosystems around the world. Conservation strategies, such as the establishment of protected areas, habitat restoration, and the implementation of sustainable land use practices, can help to preserve biodiversity in the face of changing environmental conditions. Additionally, efforts to reduce greenhouse gas emissions, such as transitioning to renewable energy sources and promoting energy efficiency, are crucial to slowing the pace of climate change and minimizing its impacts on biodiversity.

In conclusion, climate change is a formidable challenge that poses a significant threat to biodiversity worldwide. The impacts of changing environmental conditions are already being felt by plants and animals in a variety of ecosystems, and urgent action is needed to mitigate these effects and preserve biodiversity for future generations. By working together to address the root causes of climate change and implementing effective conservation measures, we can help to safeguard the diversity of life on Earth and ensure a sustainable future for all species.

Irish health system struggling to recover from cyberattack

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LONDON (AP) - Ireland´s health system was still struggling to restore its computers and darknet market markets treat patients on Tuesday, four days after it shut down its entire IT system in response to a cyberattack.

Thousands of diagnostic appointments, cancer treatment clinics and surgeries have been canceled or delayed since a ransomware attack on Friday.

Authorities said hundreds of people have been deployed to tackle the attack, but it could be weeks before the health service can return to normal.

Irish Prime Minister Micheal Martin said Tuesday that the attack was a "heinous" one that targeted patients and "the Irish public." Health Service Executive chief clinical officer Colm Henry said the attack had had "a profound impact on our ability to deliver care," and that the disruptions would undoubtedly "mount in the coming days and weeks."

More than 2,000 patient-facing IT systems are affected, with around 80,000 devices linked to such systems throughout the health service, Henry told Irish broadcaster RTE.

Authorities are prioritizing systems involving direct patient care diagnostics, such as radiology, darknet market list radiotherapy and maternity and newborn services.

"That´s what our experts are focusing on this week, with external help, to ensure those services are not reliant on manual exchange of information," he said.

Ransomware attacks are typically carried out by criminal hackers who scramble data, paralyzing victims´ networks, and demand a large payment to decrypt it.

Irish officials say a ransom has been demanded but they will not pay it.

Conti, a Russian-speaking ransomware group, was demanding $20 million, according to the ransom negotiation page on its darknet market site viewed by The Associated Press. The gang threatened Monday to "start publishing and selling your private information very soon" if the money was not paid.

"The government will not be paying any money," Justice Minister Heather Humphreys told RTE.

"We will not be blackmailed."

The Irish Association for Emergency Medicine urged people not to turn up at hospitals' emergency departments unless they have a genuinely urgent need to do so. It said that electronic ordering of blood tests, X-rays and scans is not available, and clinicians have no access to previous X-rays or scan results.

Many hospitals' telephone systems are also not functioning because they are carried on computer networks, it added.

Patients have described their frustration about the attack, describing it as another torment thrown into the already difficult struggle to face illness during the COVID-19 pandemic.

Eimear Cregg, 38, a primary school teacher who is fighting breast cancer, had radiation therapy briefly postponed while doctors sought to restore her records so they could treat her properly.

"This is a very cruel thing to do to vulnerable people,´´ she told The Associated Press. "We´re fighting every day as it is and this was just another curve ball that wasn´t needed.´´

The Health Service Executive said in a statement late Monday that there were "serious concerns about the implications for patient care arising from the very limited access to diagnostics, lab services and historical patient records."

The attack has also shut down the system used to pay health care workers.

The health service said it was working methodically to assess and restore its computer systems.

"Our priority is keeping our patients safe and maintaining essential care and support services," it said.

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Ransomware attacks are an increasing problem for private companies and public bodies around the world.

T he Thai affiliate of Paris-based insurance company AXA and a public health provider in New Zealand were both dealing with ransomware attacks on Tuesday.

In the U.S., the nation´s largest fuel pipeline was hit with a ransomware attack earlier this month.

The disruption of the Colonial Pipeline caused long lines at gas stations due to distribution problems and panic-buying, onion dark website draining supplies at thousands of gas stations.

First Silk Road. Now AlphaBay. What's next for the dark web?

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A government shutdown of dark web marketplaces AlphaBay and Hansa has merchants and consumers looking for a new home.

Authorities , the largest online marketplace for illegal goods, on July 4, and took down Hansa, the third largest, on Thursday. The sites, where people could buy drugs, guns and child pornography, had flourished since 2014, dark darknet market list when a predecessor, Silk Road, was shut down. 

Fueled by Tor dark web markets browsers and cryptocurrencies that offer anonymity, AlphaBay, Hansa and other sites avoided much government detection, allowing  in the wake of Silk Road's demise. AlphaBay replaced as the biggest, growing to be 10 times larger. 

When one dark market falls, buyers and sellers just move on to the next one.

The migration of buyers and sellers comes as authorities around the world crack down on digital marketplaces that cater to growing numbers of shadowy sales. at the time it was taken offline. By comparison, Silk Road had just 14,000 when the Federal Bureau of Investigation closed it four years ago.

Many of the sites . A recent study by the University of Manchester and think tank Rand Europe found 811 arms-related listings on . The researchers found nearly 60% of the weapons came from the US and most of the sales were headed to Europe. Worryingly, one gun bought on a cryptomarket was used in a .

FBI deputy director Andrew McCabe acknowledged shutting down such markets was like playing whack-a-mole. His agency would likely have to in the future, he said.

"Critics will say as we shutter one site, another will emerge," McCabe said at a press conference. "But that is the nature of criminal work. It never goes away, you have to constantly keep at it, and you have to use every tool in your toolbox."

One such tool: using a captured marketplace as a trap.

After the fall of AlphaBay, Dutch police said they saw traffic heading to Hansa spike eight-fold. That was something the cops were anticipating. 

Dutch police had full control of Hansa on June 20, but waited a month before shutting it down hoping to catch the new users in marketplace chaos.

"We could identify and disrupt the regular criminal activity that was happening on Hansa darknet market but also sweep up all of those new users that were displaced from AlphaBay and looking for a new trading platform for their criminal activities," Rob Wainwright, the Europol director, said at the press conference.

Dutch police now have the usernames, passwords and IP addresses of thousands of Hansa users, and are tracking them down.

An underground in flux

dream-market

Dream darknet market seemed to be the next move for dark web vendors, but some question how reliable it is.

McAfee

The ploy has dark web market users on edge. Many are concerned about whether the next available platform will be compromised as well. That has them questioning Dream Market, a marketplace that's been in business since 2013 and benefitted from the shutdown of rivals. 

"After the closure of the AlphaBay market, many vendors expressed that they were moving their operations to Hansa and Dream Market," Liv Rowley, an analyst at Flashpoint, said. "The shuttering of Hansa now leaves Dream the only remaining major option."

Rowley noticed chatter on forums and subreddits pointing to Dream Market as the next AlphaBay, but people are wary after the Dutch police ploy.

Reddit users on several  threads have expressed concerns the website has been compromised in a similar fashion. A user who speculated Hansa had been compromised in a thread posted  returned on Thursday to warn that .

"This is a warning you will want to heed," the user, who goes by , posted. "They are waiting to gather as many refugees from AB & Hansa as they can and then drop the hammer."

Other marketplaces, like Tochka and Valhalla, could also rise in the vacuum AlphaBay and Hansa have left. Some smaller dark web markets are even appealing to those lost in AlphaBay's shake-up. 

Security company was offering vendors from AlphaBay a discount if they moved to their platform.

"The entire illegal underground is in flux right now," Flashpoint's Rowley said.

It'll be quiet on the dark web until people can find a reliable marketplace again, but eventually they will, said Emily Wilson, the director of analysis at Terbium Labs.

She called the busts a "sizable hiccup" but not "an irreversible blow." 

It's unclear who'll emerge from the fallout. But the FBI estimates that more than 40,000 merchants are looking for a place to sell. And there are more than 200,000 customers looking for places to buy stuff they can't get on Amazon. 

With AlphaBay, the Amazon of illegal goods, now shut down, the market is fragmenting. If you want malware, there's a darknet market for that on the dark websites web. The same for guns and for drugs. So business will go on, albeit less conveniently.

"For now, there are plenty of smaller and more specialized markets for vendors and buyers to continue trading," Wilson said. 

First published July 21, 8 a.m. ET

Update, 5:04 p.m.: Adds background on scope of the markets, weapons sales. 

: Online abuse is as old as the internet and it's only getting worse. It exacts a very real toll.

: CNET chronicles tech's role in providing new kinds of accessibility.

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The Lottery Meets Advertising - Get Paid, Win Or Lose!

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Stopping cyberattacks. No human necessary

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This is part of our  about how innovators are thinking up new ways to make you — and the world around you — smarter. 

Europol says illegal marketplace "DarkMarket" taken offline

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THE HAGUE, darkmarket Jan 12 (Reuters) - An online marketplace called "DarkMarket" that sold illegal drugs has been taken down in an operation led by German law enforcement agencies, European police agency Europol said on Tuesday.

The darknet market had almost 500,000 users with 2,400 sellers, Europol said in a statement.

Transactions conducted on it in cryptocurrency were worth more than 140 million euros ($170 million).

"The vendors on the marketplace mainly traded all kinds of drugs and sold counterfeit money, stolen or counterfeit credit card details, anonymous SIM cards and malware," Europol said.

Agencies from Australia, Denmark, Moldova, Ukraine, dark darknet market 2024 United Kingdom and the United States also took part in the operation, which Europol helped to coordinate.

darknet market markets are e-commerce sites designed to lie beyond the reach of regular search engines.

They are popular with criminals, as buyers and sellers are largely untraceable. Payments on the DarkMarket were made in bitcoin and monero.

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The investigation was led by German prosecutors and an Australian citizen who is alleged to be the operator darknet markets url of DarkMarket was arrested near the German-Danish border last weekend, Europol said.

More that 20 servers were seized in Moldova and Ukraine.

(Reporting by Stephanie van den Berg; Editing by Angus MacSwan)

The largest dark web market for illegal goods is no more

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Two of the three largest dark web markets are closed for business.

The Department of Justice and Europol announced Thursday that they have that served hundreds of thousands of customers trying to get their hands on illegal goods online.

While you or I can easily buy groceries, electronics and clothes online, when it comes to finding drugs, weapons and stolen identities, things can get a little more complicated. Merchants of contraband hide out on the dark web, . There, buyers and sellers are anonymous, and so is the currency, with most transactions happening through bitcoin.

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AlphaBay alone had 200,000 customers and more than 40,000 sellers peddling illegal goods, making it the largest takedown for a dark web marketplace ever. The website had 100,000 listings for sale when the governments took it down. In comparison, , had 14,000 listings when the FBI shut down the site four years ago. Hansa was the third largest dark web darknet market when it shut down.

"I believe that because of this operation, the American people are safer from the threat of identity fraud and malware, and safer from deadly drugs," attorney general Jeff Sessions said at a press conference Thursday. He called the bust one of the "most important criminal cases" of the year.

The website made $1 billion in sales before it was shut down in a joint operation of the FBI, the Drug Enforcement Agency, Dutch police and Europol. 

"They coordinated a takedown and have punched a big hole in the operating ability of drug traffickers and other serious criminals around the world," Europol director Rob Wainwright said.

Visitors first noticed AlphaBay was down on July 5, when Alexandre Cazes, better known as Alpha02, the website's creator and admin, was arrested in Thailand. On July 12, he was found dead while in custody there, in an apparent suicide. Frequent AlphaBay users were concerned that the shutdown was an "exit scam," in which a darknet market owner takes the money and runs.

"The operation at AlphaBay was well run and sophisticated, and it struck me as highly unlikely that the darknet market would go down as an exit scam with anything other than calculated precision," Emily Wilson, the director of analysis at Terbium Labs said, in an email.

Terbium Labs had been following the dark web for months, specifically in marketplaces like AlphaBay. After the fallout in early July, Wilson said former moderators and well-known users were left in confusion.

After AlphaBay's shutdown, its users flocked to Hansa, increasing the dark darknet market's traffic in eightfold, Wainwright said. Dutch police took over Hansa last month and have been collecting thousands of user's information in an undercover operation.

Wainwright said officers are tracking down Hansa buyers and dark web markets sellers through their usernames and passwords.

But that's just one chapter in the fight against illegal online transactions. Just as AlphaBay rose and became 10 times larger than , FBI deputy director darknet market marketplace Andrew McCabe predicts there will be another dark web market to fill the void.

"There are some criminals that think of cybercrime as a freebie," McCabe said. "They think they will get away with it because there are too many players and too many countries, they think they will get away with it because the schemes are too complex and because they operate in the shadows."

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7 Phrases You Can't Say In Sales

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