HomeNewscoinquora.comJokerStash Crypto Kingpins Cease Operations After a Fortune of $1B

JokerStash Crypto Kingpins Cease Operations After a Fortune of $1B

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  • JokerStash ceased operations this month after attaining an estimated fortune of $1B in cryptocurrency.
  • Joker’s Stash launched in 2014, with an anonymous founder known as “JokerStash”.
  • In December, Interpol and the FBI seized the domain names used by the site, but it continued operating via the darknet.

Joker’s Stash, the world’s biggest illicit credit card marketplace where stolen credit cards and identity data traded hands for bitcoin and other digital coins, retires after making an estimated fortune of over $1B in crypto.

Much of that revenue came from high-profile breaches, including tens of millions of payment card records. These came from major merchants including Saks Fifth Avenue, Lord and Taylor, Bebe Stores, Hilton Hotels. Also, Jason’s Deli, Whole Foods, Chipotle, Wawa, Sonic Drive-In, the Hy-Vee supermarket chain, Buca Di Beppo, and Dickey’s BBQ.

JokerStash announces the closure of the Joker’s Stash marketplace
JokerStash announces the closure of the Joker’s Stash marketplace

As per research by blockchain analysis firm Elliptic on Jan. 15, Joker’s Stash posted a message announcing it would close permanently on Feb. 15. However, it went offline on Feb. 3.

“We also want to wish all young and mature ones cyber-gangsters not to lose themselves in the pursuit of easy money. Remember, that even all the money in the world will never make you happy and that all the most truly valuable things in this life are free,” the site administrator(s) advised.

Notably, Joker’s Stash was launched in 2014, with its anonymous founder “JokerStash”. Furthermore, it is alleged to be one or more people posting messages in both Russian and English. It operated on the regular web and via the darknet, which hosts marketplaces selling contraband.

The darknet, or darkweb, is a part of the internet that isn’t visible to regular search engines. Moreover, it requires a form of browser that hides a user’s identity to access.

In December, Interpol and the FBI seized the domain names used by the site, but it continued operating via the darknet. Cyber-security firm Digital Shadows also said in December that the darknet site remained live after the seizure.

Interpol

An  FBI and Interpol seizure notice appeared on a Joker’s Stash blockchain domain on December 16, 2020.

Additionally, the criminal use of cryptocurrencies has long worried regulators. In particular, US Treasury Secretary Janet Yellen and European Central Bank President Christine Lagarde called for tighter oversight on the use of crypto.





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