German authorities have introduced the takedown of a bootleg underground market referred to as Nemesis Market that peddled narcotics, stolen knowledge, and varied cybercrime providers.
The Federal Felony Police Workplace (aka Bundeskriminalamt or BKA) mentioned it seized the digital infrastructure related to the darknet service situated in Germany and Lithuania and confiscated €94,000 ($102,107) in cryptocurrency property.
The operation, performed in collaboration with legislation enforcement businesses from Germany, Lithuania, and the U.S., came about on March 20, 2024, following an in depth investigation that commenced in October 2022.
Based in 2021, Nemesis Market is estimated to have had greater than 150,000 person accounts and 1,100 vendor accounts from everywhere in the world previous to its shutdown. Virtually 20$ of the vendor accounts have been from Germany.
“The vary of products obtainable on {the marketplace} included narcotics, fraudulently obtained knowledge and items, in addition to a collection of cybercrime providers corresponding to ransomware, phishing, or DDoS assaults,” the BKA mentioned.
The company mentioned additional investigations towards prison sellers and customers of the platform are presently ongoing. That mentioned, no arrests have been made.
The event comes a month after one other coordinated legislation enforcement operation took down the LockBit ransomware group, taking management of the outfit’s servers and arresting three associates from Poland and Ukraine. The disruption prompted the gang to relaunch its cyber extortion operation.
In current months, German authorities have additionally taken down Kingdom Market and Crimemarket, each of which boasted of 1000’s of customers and provided a big selection of cash laundering and cybercrime providers.
