Tag: cybercrime marketplace

Huione Guarantee exposed as a $11 billion marketplace for cybercrime
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Huione Guarantee exposed as a $11 billion marketplace for cybercrime

According to researchers, the ostensibly genuine online marketplace Huione Guarantee is being exploited as a vehicle for money laundering from online fraud, including "pig butchering" investment fraud. A victim of a pig butchering scam is duped into gradually sending money through phony websites with impressive investment returns. When victims attempt to withdraw money, the fraud is discovered, and by then, they have typically lost a sizable sum of money. The Huine Guarantee merchants have transacted at least $11 billion, according to a report from the blockchain analytics company Elliptic. Some of these transactions have been connected to different forms of cybercrime, such as setting up websites for investment fraud, the sale of personal data, and money laundering read more about ...
German police takes down Kingdom Market cybercrime marketplace
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German police takes down Kingdom Market cybercrime marketplace

The German Federal Criminal Police Office (BKA) and the Frankfurt online crime fighting unit (ZIT) have declared the takedown of Kingdom Market, a dark web marketplace selling drugs, tools for cybercrime, and phony identification documents. Authorities from Switzerland, Moldova, the US, and Ukraine were also involved in the law enforcement operation, and one of the administrators was taken into custody in the US. Operating on the dark web since March 2021, Kingdom Market was an English-speaking marketplace with global reach. Platform users made payments with cryptocurrencies like Bitcoin, Litecoin, Monero, and Zcash for the sale of drugs, malware, cybercrime services, stolen personal information, and falsified documents. A press release from BKA stated that out of the 42,000 item...