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German police said Tuesday they have shut down servers of solaris the world’s largest illegal darknet marketplace omg, and seized bitcoins worth 23 million euros ($25 million).Suspects are being investigated for “operating criminal trading platforms on the internet on a commercial basis,” the BKA federal police said in a statement.For the latest headlines, follow our Google News channel online or via the app.The statement headlined with “illegal darknet marketplace ‘omg Market’ shut down.”Investigations of the Russian illegal marketplace started in August 2021 and also involved several US authorities, the BKA said.Founded in 2015, omg served Russian-speaking markets, selling narcotics but also stolen credit card data, counterfeit currency and fake identity documents, masking the identities of those involved using the Tor encryption network.The marketplace had around 17 million customer accounts and over 19,000 vendor accounts, according to the BKA.“The omg market was probably the illegal marketplace with the highest turnover worldwide” with sales amounting to at least 1.23 billion euros in 2020 alone, it said.The “Bitcoin Bank Mixer” provided by the platform, a service for concealing digital transactions, had made investigations especially difficult, it added.A seizure banner солярис has been published on the marketplace’s website.The secret “darknet” includes websites that can be accessed only with specific software or authorizations, ensuring anonymity for users.Such networks have faced increased pressure from international law enforcement after a boom in usage during the coronavirus pandemic.A German-led police sting also last year took down notorious darknet marketplace DarkMarket, which had nearly 500,000 users and more than 2,400 vendors worldwide.Read more:How the Kremlin provides a safe harbor for ransomware, even employing cybercriminalsRussians plan melancholy version of Instagram after banWith ties with Russia almost severed, science going solo on world’s woes, dreams
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Omg Market, one of the dark web’s oldest and largest marketplaces, was taken offline yesterday. A joint operation by US and German law enforcement agencies saw the servers that ran the market seized along with $25m in cryptocurrencies.Founded in 2015 in Russia, omg had 17 million users at the time of closure, and has been the largest market on the dark web since the closure of RAMP, the Russian Anonymous Marketplace, in 2017. Its annual transaction volumes skyrocketed from $9.4m in BTC in 2016 to $1.37bn in 2020, according to a report by cybersecurity company Flashpoint, which says the market’s focus was on trading in illegal narcotics, data, forged documents and digital services.The US Treasury department led the take-down of omg Market. (Photo by Samuel Corum/Bloomberg via Getty Images)Officials in the US and Germany hope that closing down omg will send a clear message to cybercriminals that they can no longer hide their illicit activities on the dark web. “Our actions send a message today to criminals that you cannot hide on the dark net or its forums, and you cannot hide in Russia or anywhere else in the world,” said US Treasury Secretary Janet L Yellen. “In coordination with allies and partners, like Germany and Estonia, we will continue to disrupt these networks.”omg’s removal will disrupt cybercrime across the globe, albeit temporarily. Criminals will be scrambling to find new places to buy and sell information, experts told Tech Monitor.How omg was shut downThe sting was the culmination of an operation which began in August last year, and saw omg’s servers in Germany seized, taking the marketplace offline. The law enforcement agencies also announced the termination of a currency exchange called Garantex, which was a key money laundering site for cybercrime, particularly ransomware. More than $100m in transactions on Garantex have been linked with illicit actions and dark markets, including $6m from the notorious Conti ransomware gang, the US Treasury said.Now that these services have been shut down, law enforcement agencies will be looking to identify the “unknown operators and administrators” of omg, who were operational on the marketplace. Already the US Treasury’s Office of Foreign Assets Control has added over 100 digital currency addresses from omg and Garantex to the specially designated nationals list, which details foreign nationals suspected of criminal activity who are barred from doing business with any US citizen. However, as of yet, there have been no arrests.How will omg’s closure affect the cybercrime landscape?Seizing omg is a significant step in the fight against cybercrime, says Louise Ferrett, threat intelligence analyst at Searchlight Security. “I think it’s definitely sending a message that these crackdowns, which have been coming pretty frequently in the last couple of years, are going to continue,” she says. “They’re not going for small targets or easy ones. They are going for the large institutions because, if they see a player as big as omg getting taken down, that shakes everyone’s faith in the whole ecosystem.”The closure of omg could deter people who are considering turning to online criminal activities, particularly those impacted by the war in Ukraine, argues Etay Maor, senior director of security strategy at Cato Networks. “I think we’re going to see a rise in the number of people participating in [cybercrime] because of the situation in Ukraine and Russia,” he says. “Some of the people in Ukraine are talented, they have lost their homes, and need to provide for their families.”He continues: “If you are an IT guy and you know how to do some of this stuff, maybe you’ll be inclined to move a little bit to the darker side of security. With inflation, prices are going up, and this kind of uncertainty can push regular people into these areas. If [the takedown of omg] serves as a deterrent to that, then I am extremely happy,” he says.Data, insights and analysis delivered to you View all newsletters By The Tech Monitor team Sign up to our newsletters Will a new dark web marketplace replace omg?The closure of omg is likely to disrupt the selling of illicit malware used in ransomware attacks, continues Ferrett, meaning a temporary lull in the number of cyberattacks being attempted could follow. “They were selling a lot of malware and that sort of thing so there will be a slight lull in that for a time, definitely,” she says. “That might affect [the volume of cyberattacks] if there’s difficulty in buying certain types of malware.”But any lull in the number of cyberattacks is likely to be short-lived, Ferrett adds. “It’s almost inevitable that there will be a new source to purchase those things from,” she says. “These people are well-connected – they will seek out other places and probably be able to find them.” Topics in this article: cybercrime, Dark Web