German Police Seize ‘Nemesis Market’ in Main Worldwide Darknet Raid

Nemesis Market

German authorities have introduced the takedown of a bootleg underground market referred to as Nemesis Market that peddled narcotics, stolen information, and numerous cybercrime companies.

The Federal Felony Police Workplace (aka Bundeskriminalamt or BKA) mentioned 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., came about on March 20, 2024, following an intensive 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 everywhere in the world previous to its shutdown. Nearly 20$ of the vendor accounts had been from Germany.

“The vary of products out there on {the marketplace} included narcotics, fraudulently obtained information and items, in addition to a collection of cybercrime companies equivalent to ransomware, phishing, or DDoS attacks,” the BKA said.

Cybersecurity

The company mentioned additional investigations towards legal 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 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 current months, German authorities have additionally taken down Kingdom Market and Crimemarket, each of which boasted of hundreds of customers and supplied a big selection of cash laundering and cybercrime companies.


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