Darknet: a billion dollars in cryptomoney and retirement for JokerStash

Darknet: a billion dollars in cryptomoney and retirement for JokerStash

JokerStash retired last month after winning $1 billion in crypto-money. Under that alias is one of the Darknet Barons. His site, Joker’s Stash, specialises in selling stolen identity and credit card information.

JokerStash is ahead of the authorities

JokerStash is ahead of the authorities

Darknet JokerStash, the founder of the Darknet Joker’s Stash marketplace may have sensed that his business was in danger. A few weeks ago, US and European authorities seized some of the web portal servers linked to the Joker’s Stash website. However, these operations did not stop the cybercriminal’s actions. However, the cybercriminal has decided to close down on his own initiative.

The site has been up and running since 2014 and would have been the Darknet’s largest market in terms of sales of stolen identity and credit card data. After earning a billion dollars in crypto-currency, the site decided to go out of business. The administrators would have announced a closure on February 20, 2021 but the site Joker’s Stash had already been deactivated on February 3 according to the investigations carried out by Elliptic.

A shutdown partly motivated by Covid-19?

The owner of the Joker’s Stash website is believed to have contracted the Coronavirus. As a result, he was forced to abandon his post for seven days. During this period of absence, users of the site would have detected a decline in the quality of service offered. Some began to complain about the reliability of the data offered for sale. The number of active clients and the volume of the digital portfolio then decreased.

According to reports published by Krebs on Security and Gemini Advisory, this decline dates back to August 2020. A little later, the authorities started to intervene. Interpol and the US Department of Justice (DoJ) seized a number of its servers on 16 December 2020. A situation that probably intervened in this decision to shut down.

Data from high-level hacks

Data from high-level hacks

In its reports, Gemini Advisory stated that the data offered on Joker’s Stash came from high-level hacks. This marketplace of the Darknet seems to have put an end to its history during which JokerStash would have known hours of glory. It states on its site that it started in total anonymity before becoming a few years later one of the largest markets in its field.

The administrators would have promised customers an additional 30 days before the final closure. After this period, the site claims that there would be no reopening possible. During these years of activity, JokerStash counts Whole Foods, Saks Fifth Avenue, Hilton Hotels, Hy-Vee supermarkets and Lord and Taylor among its victims.

Darknet: a billion dollars in cryptomoney and retirement for JokerStash
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