On the 15th of February, the Joker’s Stash “the biggest vendor of the dark web” stops operating. It means that one of the largest data sellers that is notorious for selling compromised payment card data is going to leave the arena of the dark web. The question is that, will it be a chance to reduce the amount of selling compromised payment card data or we will see the emergence of a new giant in the field of selling compromised payment card data.
According to the written message in a message board post, JokerStash will never ever open again. Therefore, the only thing we can be sure about is that Joker’s Stash “biggest vendor of the dark web” is gone forever. It’s no doubt that Joker’s Stash has made a significant mark on the dark web. As they have stated: “Joker goes on a well-deserved retirement. Joker’s Stash is closing, When we opened years ago, nobody knew us. Today we are one of the largest cards/dumps marketplace[s].”
Therefore, they are still shutting down their network despite being aware of their success. So the exact reason that makes them make such a decision, is still unclear. As this market place has earned approximately 1 billion dollars in the last six years, we can say that this decision was not made because of financial issues.
What made the biggest vendor of the dark web end his career?
Experts have known the FBI and Interpol latest attacks relevant to the sudden shut down of the website. The attack has occurred on the proxy servers used in connection with Blockchain-based domains of Joker’s Stash. Even before occurring the attack, it was clear that the Joker “biggest vendor of the dark web” is not motivated anymore to leak a large amount of data like before. The reduction in the volume of the leaked data had caused severe dissatisfaction among the users of this site.
Since this website was getting bigger and bigger every day, Joker “the biggest vendor of the dark web” was losing his career as an unknown black hat hacker. He was turning to be a celebrity in the hackers’ world. The issue of the loss of the anonymous identity of the Joker gets more serious when the news of his hospitalization due to Covid 19 becomes public. Who knows? Maybe he is shutting down the Joker’s Stash for fear of revealing his identity.
Another assumption about this immediate shutdown is relevant to the recent fluctuations of cryptocurrency. Fluctuations that are caused by Bitcoin’s recent spike and could lead to the website’s demise.
Are the vendors are close to the end of the road?
Absolutely not, as researchers stated:
“JokerStash was an early advocate of Bitcoin and claims to keep all proceeds in this cryptocurrency. This actor was already likely to be among the wealthiest cybercriminals, and the spike may have multiplied their fortune, earning them enough money to retire.”
What would happen to the famous vendors of the dark web? This the end of the road for Joker’s Stash as the biggest vendor of the dark web, but other vendors are still somewhere on the dark web. They are expected to transition to other dark web marketplaces to advertise their services.
As the last paragraph of this news, let us take a look at what Joker has stated as his last dialogue with his users:
“We are also want to wish all young and mature cyber-gangsters not to lose themselves in the pursuit of easy money (sic). Remember, that even all the money in the world will never make you happy and that all the most truly valuable things in this life are free.”