Numerous theories emerged to explain the drop-off that included possible law enforcement action, health issues of the threat actors, and even a potential exit scam. Joker’s Stash appeared to scale back its operations in July 2020 with a noticeable decline in both the quality and response time of its customer support. The shop itself has remained unreachable since February 4. “It is one of the few criminal marketplaces to shut down on its own terms, a victim of its own success rather than as a result of any apparent law enforcement operation.”įlashpoint confirmed that the Joker's Stash effectively closed on February 4, nearly two weeks ahead of schedule, a day after "spokesperson for Joker's Stash card shop across various Russian and English-forums deleted the threads that they have used for communication with their customers and for announcements of upcoming updates". “Joker’s Stash announced that it would cease operations on 15th February, although the site became inaccessible as of the 3rd February, angering many customers, who still had balances to spend,” said the company. Its unidentified operator may have amassed a fortune of more than $1 billion in Bitcoin, according to an analysis by cryptocurrency technology provider Elliptic.Įlliptic reports that the site became inaccessible more than a week ago, some time before its scheduled closure, in a development that annoyed some of its customers. ![]() Joker’s Stash operated as a kind of blackmarket equivalent of eBay or Amazon Marketplace, taking a cut of sales proceeds generated by third party vendors. Since 2017 the site has hosted shops and associated infrastructure via blockchain DNS, which according to one operator “is perfect bcoz its impossible to abuse and it’s fully resistant to domain locks”. It successfully sold credit card details stolen from various data breaches for just over six years. Joker’s Stash, the longest running stolen payment card shop, launched in 2014 in the wake of several major credit card breaches and the success of other illicit stores such as Silk Road. The security firm reckons four cybercrime marketplaces are primed to become the leading exponent of the Joker’s Stash model: Brian’s Club, Ferum, Trump’s Dumps and Yale Lodge. Increased law enforcement scrutiny hastened the marketplace’s demise but not the illicit business model it mined, according to a white paper from Flashpoint. ![]() Joker’s Stash closed on schedule, 30 days after its founder announced he was pulling down the shutters on the cybercrime bazaar.īACKGROUND Joker’s Stash demise likely to spawn growth to rival cybercrime forums ![]() Threat intel experts at Flashpoint predict one of four contenders will step in to fill the vacuum left by the site’s departure from the cybercrime scene. UPDATED The largest illicit marketplace for stolen payment card data, Joker’s Stash, officially shut down today (February 15). Market for stolen payment cards will persist, threat intel firm predicts
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