Darkode Reborn Experiment: Good Or Dangerous?

Darkode Reborn Experiment: Good Or Dangerous?

'Largest illegal darknet marketplace' DarkMarket taken offline

Authorities say the darknet platform had fifty per cent of a million users, where drugs, Darkode market counterfeit money, stolen charge card data, anonymous SIM cards and malware were traded. The suspected operator was arrested in Germany.

German prosecutors in the cities of Koblenz and Oldenburg said on Tuesday that they'd shut down what was "probably the greatest illegal marketplace on the Darknet " called DarkMarket and arrested the person believed to use it near Germany's border with Denmark.

The detained man, considered to be DarkMarket's operator, is really a 34-year-old Australian national.

Authorities say drugs, counterfeit money, stolen bank card data, anonymous SIM cards and malware were all traded on the internet site, which had a half of a million users and transacted business in cryptocurrencies comparable to a benefit of €140 million ($170 million).

Oldenburg police said the raid took place over the weekend. "Investigators could shut down the marketplace and turn off the server on Monday," prosecutors said.
International probe

DarkMarket's bust wasn't the initial for German authorities, which are finding illegal platform operators on German soil in recent years. In 2019, Koblenz prosecurots announced the discovery of darknet servers hosted from the former NATO bunker in a sleepy German town.

Authorities say the probe that uncovered DarkMarket involved a months-long international police operation.

US agencies like the FBI, DEA narcotics police division and IRS tax authority all contributed to the investigation, alongside police from Australia, Britain, Denmark, Switzerland, Ukraine and Moldova, with Europol playing a "coordinating role."

"An overall total of at the least 320,000 transactions were carried out via industry, with more than 4,650 Bitcoin and 12,800 Monero - two of the very common cryptocurrencies - changing hands," Oldenburg authorities added.

At the time of its closure, DarkMarket had a lot more than 2,400 vendors.