New cybercrime market ‘OLVX’ gains popularity among hackers

New cybercrime market 'OLVX' gains popularity among hackers

December 13, 2023 at 10:46AM

OLVX, a new cybercrime marketplace, is gaining traction on the clearnet, accessible to a wide range of users and promoted through SEO efforts. With various cybercriminal tools available, the platform supports multiple payment methods, enabling continuous spending for users. It presents a range of compromised digital items and services for cybercrime activities. Buyers are cautioned to remain vigilant as its popularity increases.

Key takeaways from the meeting notes:

1. OLVX, a new cybercrime marketplace, is gaining traction with increasing activity from both sellers and buyers. The marketplace has benefitted from promotions through various channels, including SEO efforts, advertisements on hacker forums, and a dedicated Telegram channel.

2. OLVX operates using a “deposit to direct payment” system supporting various cryptocurrencies, encouraging additional spending by users and making it easier for the operators to perform an exit scam.

3. The marketplace offers a wide range of low-cost digital items, software, and services for cybercrime, such as compromised website accesses, cPanel accesses, compromised email accounts, and phishing kits.

4. While it’s challenging to independently verify the authenticity and quality of the items, OLVX’s rising popularity and reputable standing provide credibility to most available products.

5. With increased activity expected around the holiday shopping period, buyers are advised to maintain heightened vigilance to identify and avoid potential scams.

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