Darknet Markets

Abraxas Darknet Market Resurfaces: Entity Moves $144M in Bitcoin, Sparking Speculation

August 23, 2023. According to ZachXBT, an entity has transferred around 4,800 BTC ($144M) from the dormant Abraxas darknet market, notorious for its illicit trade activities before exit-scamming in November 2015. This revelation has sparked speculation and raised questions about the sudden movement of funds from a market long considered inactive. The entity not only […]

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Father-Son Duo Laundered Bitcoin from Dark Web Xanax Scheme: $150M Seized, Forfeiture Ordered

Ryan Farace, previously convicted for dark web Xanax distribution, conspired with his father, Joseph Farace, to launder additional proceeds of crimes while incarcerated. Despite claims of inability to access more Bitcoin, Ryan orchestrated transfers, including sending 71 Bitcoin to exchanges and retailers in 2019. Financial records revealed he used drug proceeds to benefit his father,

Father-Son Duo Laundered Bitcoin from Dark Web Xanax Scheme: $150M Seized, Forfeiture Ordered Read More »

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Transnational Cybercrime Investigation Dismantles xDedic Marketplace, 19 Individuals Charged

The U.S. Attorney’s Office for the Middle District of Florida, Tampa Division, announces the conclusion of a transnational cybercrime investigation involving the xDedic Marketplace. xDedic, operating on the dark web, illicitly sold login credentials and personally identifiable information, leading to various criminal activities such as tax fraud and ransomware attacks. The administrators of xDedic demonstrated

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Stolen FTX Funds Worth Over $400 Million on the Move, Tracing Suggests Links to Russian Money Launderers

October 13, 2023. While FTX founder Sam Bankman-Fried faces a criminal trial in Manhattan, cryptocurrency tracing firm Elliptic reveals that the thieves who stole over $400 million from FTX are actively moving the funds across blockchains. After nine months of dormancy, the stolen funds are being transferred through various crypto services, raising speculation about potential

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