The platform provided services facilitating financial crime like money laundering, identity theft, distributed denial-of-service (DDoS), bypassing two-factor authentication (2FA), fake or stolen IDs and other personal data, renting malware, using cash-out services, email and telephone flooding, identity lookup, and much more.
The marketplace was officially launched on January 19. However, cyber analysts at threat intelligence at Resecurity, a threat intelligence company, claims to have sighted mentions of STYX on the dark web since early 2022, when the founders were still creating the escrow module.
Apparently, STYX accepts payments using a variety of cryptocurrencies and has a dedicated section for approved vendors, in an effort to gain trust in the platform.
All Things Financial-crime
Following the discovery of the notorious platform, it was further noted that STYX was involved in the post-pandemic menace of cyber-enabled financial crime. Adding to this is the threat it posses to financial institutions and their customers.
STYX was discovered at the same tim
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