The internetâ€™s largest marketplace for stolen credit card information has announced that it will soon be shutting down.
Jokerâ€™s Stash, which has gained notoriety as the place where the spoils of identity theft attacks are put up for sale, will close on February 15.
The marketplaceâ€™s administrator announced the closure on a number of cybercrime forums often frequented by the siteâ€™s buyers and sellers. Further information regarding the shutdown also comes from threat intelligence company Intel 471, which issued a blog post detailing some of Jokerâ€™s Stashâ€™s recent difficulties.
â€œJokerâ€™s Stashâ€™s fall comes after a very turbulent close to 2020,â€� the blog post read. â€œIn October, the actor who allegedly runs the site announced he had contracted COVID-19, spending a week in the hospital. The condition impacted the siteâ€™s forums, inventory replenishment, and other operations. Intel 471 also observed the siteâ€™s clients complaining that the shopâ€™s payment card data quality was increasingly poor.â€�
In addition to the problems mentioned by Intel 471, Jokerâ€™s Stash has also recently been dealing with an ongoing police investigation. FBI and Interpol seized four domains associated with the carding forum back in December. The seizure led some users of Jokerâ€™s Stash to question when the authorities may be able to shut down more of the siteâ€™s core operations.
Although Jokerâ€™s Stash will soon be out of action, this does not mean that its administrator will not face additional police action. The marketplace is estimated to have facilitated the transfer of hundreds of millions of dollars in illicit transactions since it launched in 2014.
Previously, law enforcement officials have shown that they have the technical wherewithal to pursue cybercrime cases against individuals despite their best efforts to cover their tracks. Earlier this month, Europol successfully shut down the worldâ€™s largest dark web marketplace following an international investigation.
The post This notorious cybercriminal marketplace is closing its doors appeared first on TechFans.