German authorities have introduced the takedown of a bootleg underground market known as Nemesis Market that peddled narcotics, stolen knowledge, and varied cybercrime companies.
The Federal Prison Police Workplace (aka Bundeskriminalamt or BKA) stated it seized the digital infrastructure related to the darknet service positioned in Germany and Lithuania and confiscated €94,000 ($102,107) in cryptocurrency property.
The operation, carried out in collaboration with regulation enforcement companies from Germany, Lithuania, and the U.S., befell on March 20, 2024, following an in depth investigation that commenced in October 2022.
Based in 2021, Nemesis Market is estimated to have had greater than 150,000 consumer accounts and 1,100 vendor accounts from all around the world previous to its shutdown. Nearly 20$ 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 choice of cybercrime companies similar to ransomware, phishing, or DDoS assaults,” the BKA stated.
The company stated additional investigations in opposition to felony sellers and customers of the platform are presently ongoing. That stated, no arrests have been made.
The event comes a month after one other coordinated regulation 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 latest months, German authorities have additionally taken down Kingdom Market and Crimemarket, each of which boasted of 1000’s of customers and provided a wide selection of cash laundering and cybercrime companies.
