CySecurity News - Latest Information Security and Hacking Incidents, EN

Incognito Market Engages in Large-Scale Extortion of Buyers and Sellers on the Darknet

Taking a cue from ransomware operators, the illicit online drug marketplace known as Incognito Market has initiated a campaign of extortion targeting both its vendors and buyers. Users are being threatened with the exposure of their cryptocurrency transaction histories and chat records unless they pay a fee ranging from $100 to $20,000. This brazen attempt at mass extortion follows closely on the heels of an alleged “exit scam” by Incognito Market administrators, where users were left unable to access millions of dollars’ worth of funds.

The homepage of Incognito Market was recently updated with a blackmail message from its owners, warning users that purchase records of vendors who refuse to pay will soon be made public. The message boasts of having amassed years’ worth of private messages, transaction information, and order details, which were supposedly never deleted as users were led to believe. The administrators plan to release a dump of 557,000 orders and 862,000 cryptocurrency transaction IDs by the end of May

To add pressure, a “Payment Status” page has been set up listing the top vendors who have paid to keep their information confidential, suggesting that those who haven’t paid do not care about their customers’ privacy. Incognito Market also intends to launch a “whitelist portal” allowing buyers to remove their transaction records in the coming weeks.

The situation has escalated after reports emerged that numerous users were unable to withdraw funds from their accounts. Incognito Market, known for its trade in narcotics, is now facing a crisis

[…]
Content was cut in order to protect the source.Please visit the source for the rest of the article.

This article has been indexed from CySecurity News – Latest Information Security and Hacking Incidents

Read the original article: