March 24, 2024 at 01:33AM
German authorities seized the digital infrastructure of Nemesis Market, an underground marketplace selling narcotics, stolen data, and cybercrime services. The operation, conducted with support from the U.S. and Lithuania, recovered €94,000 in cryptocurrency assets. Investigations are ongoing, but no arrests have been made. This follows recent law enforcement actions against other cybercrime groups.
Key takeaways from the meeting notes:
– German authorities executed the takedown of the illicit underground marketplace Nemesis Market, seizing its digital infrastructure in Germany and Lithuania and confiscating €94,000 in cryptocurrency assets.
– The operation was conducted in collaboration with law enforcement agencies from Germany, Lithuania, and the U.S., following an extensive investigation that started in October 2022.
– Nemesis Market, which was founded in 2021, had over 150,000 user accounts and 1,100 seller accounts worldwide before being shut down, with almost 20% of the seller accounts from Germany.
– The marketplace offered narcotics, fraudulently obtained data and goods, as well as cybercrime services such as ransomware, phishing, and DDoS attacks.
– Ongoing investigations are being carried out against criminal sellers and users of the platform, with no arrests made yet.
– The takedown comes after a coordinated operation against the LockBit ransomware group and other similar underground marketplaces like Kingdom Market and Crimemarket.
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Let me know if there’s anything else you would like to add to the key takeaways.