Wednesday, March 13, 2024

Doofus Of The Day #1,111

 

Today's award goes to all the criminals who trusted the other criminals who ran a darknet narcotics site.  Their trust has just backfired on them.


Borrowing from the playbook of ransomware purveyors, the darknet narcotics bazaar Incognito Market has begun extorting all of its vendors and buyers, threatening to publish cryptocurrency transaction and chat records of users who refuse to pay a fee ranging from $100 to $20,000. The bold mass extortion attempt comes just days after Incognito Market administrators reportedly pulled an “exit scam” that left users unable to withdraw millions of dollars worth of funds from the platform.

. . .

Incognito Market deals primarily in narcotics, so it’s likely many users are now worried about being outed as drug dealers.

. . .

The past is replete with examples of similar darknet market exit scams ... “Shadowcrew was the precursor to today’s Darknet Markets and laid the foundation for the way modern cybercrime channels still operate today,” Johnson said. “The Truth of Darknet Markets? ALL of them are Exit Scams. The only question is whether law enforcement can shut down the market and arrest its operators before the exit scam takes place.”


There's more at the link.

So, then:

  1. Incognito Market is admittedly a criminal organization, selling an illegal product.
  2. Notwithstanding this, its customers do business there - thereby effectively admitting that they're also criminals.
  3. Yet, customers are upset that the criminals from whom they've been buying are now extorting the criminals to whom they were selling?

WHAT ELSE DID THEY EXPECT???

Criminals gonna criminal.  It's the way they are.  You trust them at your peril, do business with them at your peril, and pay the price if (or, rather, when) things go wrong.  That's just the way it is.  I somehow doubt the prosecuting authorities and the courts are going to be very sympathetic when they catch up with those whose criminal tendencies and dealings are about to be revealed.

Peter


6 comments:

McChuck said...

From my previous career inhuman intelligence, professional criminals are some of the most trustworthy people in any country. Far more so than politicians. They literally live and die by their reputations.

To misquote the great Sir Pterry, if we must have crime, it is better that it be well organized.

HMS Defiant said...

I think it far more likely that the dark scammers are actually our government agents at work doing their magical good for democracy and the american way stuff to make your life better in every way.

Landroll said...

Regards HMS Defiant's comment, Who better to execute this action?

Francis Turner said...

Not the only set of crims recently to take the money and run scamming their partners in crime

https://arstechnica.com/security/2024/03/alphv-ransomware-site-claims-it-was-seized-by-fbi-researchers-suspect-22m-scam/

Hamsterman said...

Demanding payment in Cryptocurrency is like demanding payment in marked bills.

John T. Block said...

Example why Gummint has such a hard-on for organized crime - they hate the competition. Imagine if those scammed by this operation manage to cyber-track the scammers? I'd expect some Mex. Cartel level violence to be happening....