Darknet marketplace ‘Nemesis Market’ brought down by authorities

Authorities have seized the darknet marketplace Nemesis Market and confiscated digital assets amounting to €94,000.

The Frankfurt am Main Public Prosecutor’s Office, Central Office for Combating Internet Crime, and the Federal Criminal Police Office seized the server infrastructure of the illegal darknet marketplace Nemesis Market based in Germany and Lithuania.

Nemesis Market was a platform for criminals to trade narcotics, fraudulently obtained data and other cybercrime services, including DDoS attacks, phishing, and ransomware.

The platform had over 150,000 users, and 1,100 seller accounts registered worldwide. The market was founded in 2021 and has grown exponentially, with about 20% of its sellers originating from Germany.

Nemesis Market was accessible via the Tor network, and the operators of this platform are suspected predominantly of “operating criminal trading platforms on the internet and of committing crimes against the Narcotic Act.”

At the time of the seizure, digital assets amounting to €94,000 in cryptocurrencies were confiscated.

The seizure of this darknet marketplace “took place as part of parallel investigations in close coordination between German, American, and Lithuanian law enforcement authorities,” the press release reads.

“The seized marketplace data forms the basis for further investigations against criminal sellers and users of the platform. The shutdown and prosecution are a further blow to underground economy actors operating on the dark web and demonstrate the effectiveness of international law enforcement in the digital space,” the press release concludes.

This isn’t the first time authorities have seized a dark web platform like Nemesis Market.

A notice on the ALPHV – also known as BlackCat – dark web blog says that authorities seized the site in December 2023.

“The Federal Bureau of Investigation seized this site as part of a coordinated law enforcement action taken against ALPHV/BlackCat ransomware,” reads the message on the gang’s leak site.

The website originally went down in December 2023, prompting rumors that the platform had been taken down or rebranded.

However, it was later confirmed that the ransomware gang's website had been taken down by law enforcement.

Once seized, the ransomware gang promptly unseized their own dark website hours after the FBI claimed to have taken it down.

This led to a cat-and-mouse chase as the group seemingly resurrected and announced that it had taken control over its own web domain.

More from Cybernews:

UnitedHealth's Change to begin processing $14B in medical claims

Phone company Nothing calls on fans to create device redesign

‘Inner monologue’ makes AI smarter

Garmin's stress score: is your smartwatch in tune with your mood?

Android 15 might include a music-sharing feature 

Subscribe to our newsletter

Leave a Reply

Your email address will not be published. Required fields are markedmarked