BlockThreat - Week 2, 2021

Ledger | Joker's Stash | DarkMarket | Sandbox

In this week’s edition I will focus on the many ways cryptocurrencies are involved in facilitation of crime. Multiple sentences were announced to actors behind Ponzi and money laundering schemes, more Twitter scam campaigns, fake exchanges exit scamming, and crypto malware on the rise. On the bright side, two dark web markets have been shut down. Ledger has finally released a detailed post-mortem more than 6 months after the incident. Check out this week’s Media section for a few excellent talks and panels published this week.

Crime

• Joker’s Stash dark web marketplace shuts down. Administrator’s of the site were big advocates of cryptocurrencies to store their ill-gotten gains.

• DarkMarket illegal marketplace has been taken down by an international law enforcement group including Europol, FBI, NCA, BKA, and others. More than 20 servers in Moldova and Ukraine were seized containing a treasure trove of data.

• GemCoin Ponzi founder Steve Chen sentenced to 10 years and ordered to pay $1.8M in ba…