Russia shuts down four dark web sites that generated $263 million in crypto sales
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer Russia shuts down four dark web sites that generated $263 million in crypto sales
A report issued by the Russian Ministry of Internal Affairs said its interests were able to stop and remove four suspicious websites active in the “dark web,” which generated more than $260 million in cryptocurrency revenue from selling stolen credit cards.
These sites are:
- Verum Store.
- Trump pranks.
- Sky-Fraud Forum.
- UAS Store.
Latest crypto-related sources:
These illegal sites provide stolen credit cards, which buyers can buy for reuse, buy gift cards, buy luxury items, or use them to get cryptocurrency.
revealed Elliptic reports that the four Russian sites have collectively generated about $263 million in cryptocurrency from their illegal transactions.
Read:Avast discovers malware that mines Monero without the victim’s knowledge
The three most used cryptocurrencies were:
- Bitcoin.
- Ethereum.
- Litecoin.
According to the analysis, Ferrum Shop alone has acquired $256 million worth of bitcoin from stolen credit cards since October 2013.
This constitutes approximately 17% of this illicit market.
It is worth noting that it is difficult to provide accurate numbers due to the difficulty of tracking transactions to and from the “Ferum Shop” and other “dark web” sites, in addition to the camouflaging operations provided by transaction mixers.
Less than a month ago, the authorities suspended the operations of UniCC and LuxSocks websites.
The dark web, which sells stolen cards, has generated a total of $372 million in cryptocurrency during its existence.
How Much Crypto Do Russians Have?
Russian lawmakers, who have been very hesitant about their stance on the crypto market, recently announced that they will regulate and not ban the cryptocurrency class.
This should be considered good news for the growing number of domestic Russian investors.
According to some estimates, Russians own digital assets worth $214 billion.
The number represents approximately 12% of the overall value of the crypto market as a whole.
Read:Bitcoin bears receive huge losses after the historical rise of Bitcoin and liquidation of 450 million dollars
The Russian Finance Minister, Anton Siluanov, assumed that this figure was greatly exaggerated.
He noted that local investors own nearly $26 billion in cryptocurrencies alone.
Read also:
The Chairman of the Board of Directors of “SEC” stated: The SEC is working with the CFTC on regulating the crypto market
The NFT craze continues… Most expensive “CryptoPunk” sells for $23.7M
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time