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Scrape Timestamp (UTC): 2024-03-24 05:28:49.603
Source: https://thehackernews.com/2024/03/german-police-seize-nemesis-market-in.html
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German Police Seize 'Nemesis Market' in Major International Darknet Raid. German authorities have announced the takedown of an illicit underground marketplace called Nemesis Market that peddled narcotics, stolen data, and various cybercrime services. The Federal Criminal Police Office (aka Bundeskriminalamt or BKA) said it seized the digital infrastructure associated with the darknet service located in Germany and Lithuania and confiscated €94,000 ($102,107) in cryptocurrency assets. The operation, conducted in collaboration with law enforcement agencies from Germany, Lithuania, and the U.S., took place on March 20, 2024, following an extensive investigation that commenced in October 2022. Founded in 2021, Nemesis Market is estimated to have had more than 150,000 user accounts and 1,100 seller accounts from all over the world prior to its shutdown. Almost 20$ of the seller accounts were from Germany. "The range of goods available on the marketplace included narcotics, fraudulently obtained data and goods, as well as a selection of cybercrime services such as ransomware, phishing, or DDoS attacks," the BKA said. The agency said further investigations against criminal sellers and users of the platform are presently ongoing. That said, no arrests have been made. The development comes a month after another coordinated law enforcement operation took down the LockBit ransomware group, taking control of the outfit's servers and arresting three affiliates from Poland and Ukraine. The disruption prompted the gang to relaunch its cyber extortion operation. In recent months, German authorities have also taken down Kingdom Market and Crimemarket, both of which boasted of thousands of users and offered a wide array of money laundering and cybercrime services. Goodbye, Atlassian Server. Goodbye… Backups? Protect your data on Atlassian Cloud from disaster with Rewind's daily backups and on-demand restores. Take Action Fast with Censys Search for Security Teams Stay ahead of advanced threat actors with best-in-class Internet intelligence from Censys Search.
Daily Brief Summary
German Police have seized the "Nemesis Market," a prominent darknet platform involved in the sale of narcotics, stolen data, and cybercrime services.
Over €94,000 in cryptocurrency was confiscated during the raid involving German, Lithuanian, and U.S. law enforcement.
The operation occurred on March 20, 2024, concluding an investigation that started in October 2022.
Nemesis Market, operational since 2021, had over 150,000 users and 1,100 vendors worldwide, with a significant presence in Germany.
The market offered a wide range of illicit goods and services, including drugs, fraudulent data, ransomware, phishing kits, and DDoS attacks.
No arrests have been made yet, but investigations continue against users and sellers on the platform.
This seizure follows the recent takedowns of other darknet markets and the LockBit ransomware group by German authorities.