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

Russian Bill to Recognize Cryptocurrencies as Property Advances in Parliament
Russian Bill to Recognize Cryptocurrencies as Property Advances in Parliament Russia’s parliament has advanced the bill that proposes to recognize cryptocu
India Surpasses UK as World’s 5th Largest Economy Based on IMF Data
India Surpasses UK as World"s 5th Largest Economy Based on IMF Data India is now the world’s fifth-largest economy after surpassing the U.K., the latest data from the Intern
Kraken Charged by CFTC Over Margined Crypto Transactions, $1.25 Million Penalty Imposed
Kraken Charged by CFTC Over Margined Crypto Transactions, $1.25 Million Penalty Imposed The Commodity Futures Trading Commission (CFTC) has charged Payward Ventures, the operator o
Is The Bitcoin Top In For This Cycle? On-Chain Signals You Need To Know
Este artículo también está disponible en español. Bitcoin’s price retracement from its new all-time high of $108,353 on Tuesday to around $96,000 (a -11.5% pullback) ha
Russia Releases Bitzlato Co-Founder Anton Shkurenko After Questioning
Russia Releases Bitzlato Co-Founder Anton Shkurenko After Questioning Russian authorities have released the recently arrested co-founder of crypto exchange Bitzlato, said to have p
SEC Lawsuit: Tierion to Refund Investors From Its $25 Million Token Sale
SEC Lawsuit: Tierion to Refund Investors From Its $25 Million Token Sale The U.S. Securities and Exchange Commission (SEC) has taken action against another start
Fed Governor Waller Skeptical of Central Bank Digital Currencies — Says He’s ‘Not a Big Fan’ of the Fed Issuing Digital Dollar
Fed Governor Waller Skeptical of Central Bank Digital Currencies — Says He"s "Not a Big Fan" of the Fed Issuing Digital Dollar Federal Reserve Governor Christopher Waller says he
Zugacoin Controversy: Supposed Poverty Eradicating Cryptocurrency Criticized as Just Another Complex Nigerian Ponzi Scheme
Zugacoin Controversy: Supposed Poverty Eradicating Cryptocurrency Criticized as Just Another Complex Nigerian Ponzi Scheme After reports that merchants and holders of “Zugac
Strong Ethereum Accumulation Detected: LTH Buying Heavy During June Consolidation
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
XRP Bull Targets $2.80 Breakout — Key Levels To Consider
Este artículo también está disponible en español. According to data from CoinMarketCap, XRP recorded a substantial price decline in the past trading week losing 16.78% of
Felix Ng4 hours agoCrypto mining lobby group to dispel misconceptions in Washington DC: FounderThe crypto mining industry is getting a dedicated lobby group aimed at opening up discussions with lawmakers in Washington.94
Iran Licenses $7.3 Million Bitcoin Mining Enterprise, Move Aimed at Easing U.S. Sanctions
Iran Licenses $7.3 Million Bitcoin Mining Enterprise, Move Aimed at Easing U.S. SanctionsIran has issued a bitcoin mining license to Iminer, a Turkish-based company. Iminer will ope