LONDON (Feb 12): The kingpin or kingpins of the world's biggest illicit credit card marketplace have retired after making an estimated fortune of over US$1 billion in cryptocurrency, according to research by blockchain analysis firm Elliptic shared with Reuters. The "Joker's Stash" marketplace, where stolen credit cards and identity data traded hands for bitcoin and other digital coins, ceased operations this month, Elliptic said on Friday, in what it called a rare example of such a site bowing out on its own terms.
The kingpin or kingpins of the world's biggest illicit credit card marketplace have retired after making an estimated fortune of over $1 billion in cryptocurrency, according to research by blockchain analysis firm Elliptic shared with Reuters.
Updated:
February 12, 2021 13:29 IST
A cryptocurrency address is a set of random letters and numbers that represents a location on a virtual network
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The United States, Russia and China received the highest volume of digital currency from illicit addresses.
| Photo Credit: Reuters
A cryptocurrency address is a set of random letters and numbers that represents a location on a virtual network
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Criminals are using a small group of cryptocurrency brokers and services to launder hundreds of millions of dollars of dirty virtual money, research shared with Reuters showed on Thursday.
Investigators said the "Joker s Stash" marketplace, which dealt in stolen credit cards, log-ins and identity information which it sold for cryptocurrency, pocketed at least $1 billion, Reuters
The "Joker s Stash" marketplace, where stolen credit cards and identity data traded hands for bitcoin and other digital coins, ceased operations this month, Elliptic said on Friday, in what it called a rare example of such a site bowing out on its own terms.