Fun

Darknet Market Joker’s Stash Retires After Raking in $1 Billion in Cryptocurrencies

News Feed - 2021-02-14 01:02:07

Darknet Market Joker’s Stash Retires After Raking in $1 Billion in Cryptocurrencies


One of the largest darknet marketplaces for selling identity data and stolen credit card information, Joker’s Stash retired last month after making off with a cool $1 billion in cryptocurrencies. Weeks ago, U.S. and European officials seized some of the web portal’s servers tied to Joker’s Stash site, but were unable to completely shut operations down. Darknet Market Joker’s Stash Closes Shop


A number of reports indicate that the world’s largest darknet market (DNM), in terms of stolen credit card and identity sales, has called it quits after operating since 2014. Joker’s Stash explained in mid-January that the business would be closing shop in mid-February and it has followed through with the plan.


The blockchain analysis firm Elliptic detailed that the Joker’s Stash raked in more than $1 billion in cryptocurrencies during its tenure. Elliptic also revealed that the estimate was a conservative calculation based on the revenue Joker’s Stash took in during the years and all the fees. Admins from Joker’s Stash left a letter to customers that explained the operators would be retiring.


On January 15, Joker’s Stash admins said the site would go dark on February 15, but Elliptic monitored the web portal and said the DNM went offline on February 3, 2021. Joker’s Stash had a lucky run up until 2020, when reports detailed that the owner of the DNM contracted the coronavirus and had to go to the hospital for seven days.


At the time, Joker’s Stash customers started complaining and having issues with card data and identification intel reliability. Both Krebs on Security and Gemini Advisory have published reports with a comprehensive analysis on the Joker’s Stash operations. Covid-19 and Global Law Enforcement Push the Joker’s Stash Toward the Brink


Ever since the admin caught Covid-19 and the weeks that followed, Gemini Advisory said the business saw a “severe decline” in volumes. The image below, created by Gemini shows the decline in Joker’s Stash CNP and CP data toward the end of August 2020.



But Covid-19 wasn’t the only issue Joker’s Stash operation dealt with in 2020, as the law enforcement officials from Europe and the U.S. stepped in as well. Interpol and the U.S. Department of Justice (DoJ) seized a number of its servers on December 16, 2020. But much like The Pirate Bay, Joker’s Stash set up new infrastructure on the web and operations continued until the retirement announcement.


“Joker goes on a well-deserved retirement. Joker’s Stash is closing,” the farewell letter said. “When we opened years ago, nobody knew us. Today we are one of the largest card/dumps marketplaces.”


Admins promised to leave the store’s “Stash” open for 30 more days and told people not to fall for any phony websites that could appear in the future. In capital letters, Joker’s Stash said that it would “never open again.” Joker’s Stash made it clear that customers should not trust any imposters going forward.


The hoard Joker’s Stash obtained from payment card records stemmed from firms that saw large data breaches over the years. Gemini Advisory said that Joker’s Stash data came from high-profile hacks that saw the loss of massive amounts of confidential customer data.


Merchants caught in the hacker’s crossfires include Whole Foods, Saks Fifth Avenue, Hilton Hotels, Hy-Vee supermarkets, and Lord and Taylor.


What do you think about the Joker’s Stash admins retiring after operating since 2014 and raking in $1 billion in digital assets? Let us know what you think about this subject in the comments section below. Kim Dotcom Publishes a Website That Highlights the Benefits of Bitcoin Cash NEWS | 18 hours ago Amazon Is Working on Digital Currency Solutions— Pilot Project Set to Launch in Mexico NEWS | 1 day ago Tags in this story Bitcoin, Bitcoin (BTC), Coronavirus, COVID-19, Credit Card Data, Crypto, Cryptocurrencies, darknet, darknet marketplace, darknet marketplaces, DOJ, INTERPOL, Joker"s Stash, Retire, Servers Seized, Stolen Credit Cards, Stolen Identities


Image Credits: Shutterstock, Pixabay, Wiki Commons Purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH here. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

Chinese Miners Migrate to Nordic Regions, Mining Exec Says Hashrate Migration One of the ‘Biggest Developments’
Chinese Miners Migrate to Nordic Regions, Mining Exec Says Hashrate Migration One of the ‘Biggest Developments’ China has the largest concentration of bitcoi
Here’s how much Bitcoin you could buy with all the fiat currency in the world
Tristan Greene6 hours agoHere’s how much Bitcoin you could buy with all the fiat currency in the world5,000 BTC used to get you a pizza — now it’s worth more than some countries.9468 Total views2 Total sharesListen
Mt Gox Bitcoins: Trustee Plans to Distribute BTC and BCH, Liquidate Forks Into Cash
Mt Gox Bitcoins: Trustee Plans to Distribute BTC and BCH, Liquidate Forks Into Cash On March 24, the Mt Gox creditors’ trustee from Tokyo, Nobuaki Kobayashi, disclosed a ne
Dreamr App Signups Grow 1600% Month-Over-Month Following DMR Governance Token Listing on Bittrex Global
Dreamr App Signups Grow 1600% Month-Over-Month Following DMR Governance Token Listing on Bittrex Global sponsored Dreamr Labs flagship product, theDreamr app,continues to gain momen
Midsize US Banks Ask Regulators to Extend FDIC Insurance to All Deposits for 2 Years Before Another Bank Fails
Midsize US Banks Ask Regulators to Extend FDIC Insurance to All Deposits for 2 Years Before Another Bank Fails The Mid-Size Bank Coalition of America has asked federal regulators t
MetalCore Closed Beta 3 introduces NFTs and Web3 integration
Josh O"Sullivan8 hours agoMetalCore Closed Beta 3 introduces NFTs and Web3 integrationMetalCore’s CB3 launches on June 27. It integrates NFTs and SHARDS, a new offchain currency, and aims to appeal to both Web2 and Web
Troop of Bored Ape NFTs Rises Above the Competition, BAYC Donates $200K in ETH to Orangutan Outreach
Troop of Bored Ape NFTs Rises Above the Competition, BAYC Donates $200K in ETH to Orangutan Outreach While non-fungible token (NFT) assets have been raking in mi
UK Digital Bank Ziglu Launches P2P Payments for Bitcoin and Bitcoin Cash
UK Digital Bank Ziglu Launches P2P Payments for Bitcoin and Bitcoin CashLondon-based challenger bank Ziglu said Monday that it has been licensed as an Electronic Money Institution (
Gary Gensler Outlines What to Expect From SEC on US Crypto Regulation
Gary Gensler Outlines What to Expect From SEC on US Crypto Regulation The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined what to expect f
Peter Schiff Says Bitcoin Still Has a Long Way to Fall — Values BTC at $10K
Peter Schiff Says Bitcoin Still Has a Long Way to Fall — Values BTC at $10K Economist and gold bug Peter Schiff says bitcoin still has a long way to fall after the collapse of cr
Paradigm raises $850M for third crypto fund
Ana Paula Pereira4 hours agoParadigm raises $850M for third crypto fundParadigm has been discussing its new crypto fund for the past few months as markets rebounded.545 Total views25 Total sharesListen to article 0:00New
Rakesh Upadhyay5 hours agoBitcoin price cracks $30K, possibly clearing a path for SOL, LINK, AAVE and STXBitcoin’s strong rally to $30,000 may have kick started a sharp recovery in SOL, LINK, AAVE and STX.3435 Total vi