The IRS, as some noticed on Dread, had a conference wherein they discussed the darkweb and various elements of cycbercrime as it relates to the financial sector. The presentation includes information about Alphabay, mentions DeepDotWeb, and has screenshots of Dread.
Dread: "Service Will Be Restored Shortly"
Update: Online - Dread has been down for several hours. HugBunter posted a status update on the DreadAlert subreddit about the downtime and about the Nightmare Market exit scam. He announced that he had been working on a solution and planned to have Dread back online in a number of hours.
Darkweb Vendor "Gladyman" Charged for Meth Distribution
Lawrence Ross, a convicted felon from Bayshore, New York, faces charges for allegedly selling methamphetamine and ecstasy on various darkweb markets under the username Gladyman. According to court documents, Ross also distributed drugs through the encrypted messaging application Wickr.
DOJ Files $100 Million Civil Complaint Against BTC-e
In addition to the criminal charges for money laundering, unlawful monetary transactions, and conspiracy, the founder of the BTC-e bitcoin exchange now faces a $100 million civil complaint for monetary penalties owed as alleged violations of the Bank Secrecy Act. The complaint alleges that Alexander Vinnik, one of the exchange’s CEOs, willingly failed to follow AML procedures and failed to report suspicious activity, among other violations.
Alphabay Vendor "ChemsUSA" Admits Fentanyl Distribution
Richard Castro, the man behind a number of darkweb vendor accounts on Alphabay and Dream Market, admitted selling carfentanil, fentanyl, and fentanyl analogues to customers throughout the United States using the darkweb. He also admitted money laundering more than $4 million in proceeds from his drug trafficking operation.
Silk Road Mod "Libertas" Sentenced to 78 Months in Prison
Gary Davis, a former moderator and administrator of Silk Road, was sentenced to 78 months in prison for his role in the operation of the marketplace. Compared to Ross’ sentence for running Silk Road, 78 months is a reasonable sentence. His primary roles as an administrator involved customer support and dispute moderation.
Potential 'Exit Scam' Imminent After Nightmare Market Breach
A little more than a week ago, bitcoin transactions stopped working on Nightmare Market. The market staff reassured users that everything would be fixed within 24 hours. And shortly after the announcement, everything started working again. Behind the scenes, though, a hacker had almost emptied the marketplace’s bitcoin wallets, forcing the market to use recent deposits to pay for older withdrawals. The market plummeted towards bankruptcy.
Silk Road Vendor "Pharmville" Charged for Laundering $19 Million in Bitcoin
Hugh Brian Haney, according to a criminal complaint unsealed on July 18, sold oxycodone and other substances on the Silk Road marketplace in 2011 and 2012. When Haney attempted to cash out $19 million in bitcoin through an exchange, the exchange froze his account. The Drug Enforcement Administration investigated and identified the Silk Road as the source of Haney’s bitcoin.
San Diego Man Admits Selling Fentanyl as "TheDrugLlama" on Dream Market
One of the two co-conspirators accused of operating the darkweb market vendor account “TheDrugLlama” admitted distributing fentanyl, selling midbranded drugs, and other charges related to the drug distribution conspiracy. His co-defendant pleaded not guilty and will face a jury trial in August.
Market Update: Nightmare Market Removes Payment ID for Monero Transactions
Users of Nightmare Market logged who recently logged into the market may have noticed a lengthy message in their list of notifications. The message, an official one from the Nightmare staff, highlighted the changes made to the market’s Monero payment system and other overall improvements.