FBI seizes DeepDotWeb, believed to have made over 8000 BTC

Source:Coingreek

The Federal Bureau of Investigations (FBI) has brought down DeepDotWeb, a site that contained resources on the dark web. While not a dark web marketplace itself, the site contained information about virtually every dark web marketplace, including the hidden URLs. Working with the U.S attorney for Western Philadelphia Scott Brady, the bureau also arrested the two people who owned and operated the site.

“THIS SITE HAS BEEN SEIZED,” reads a notice on the site’s homepage at press time. The site is inaccessible beyond this notice.

The authorities also arrested 37-year-old Tal Prihar and 34-year-old Michael Phan, the two people charged with operating the site. The two, who are Israeli citizens, were charged with conspiracy to commit money laundering. Prihar was arrested while in Brazil, with Phan arrested in his home country in Israel, TechCrunch revealed.

According to the charges, the two made millions of dollars from their operations. The majority of this revenue came from referral links and affiliate marketing. Most of the marketplaces that DeepDotWeb directed its users to sold drugs, stolen data and weapons. The site made commissions from sales which ranged between 2 and 4 percent as revealed by a former staff at the site.

DeepDotWeb was quite popular, with authorities revealing that it directed close to 200,000 users to Hansa alone. Hansa was a popular dark web marketplace that was also seized. AlphaBay, yet another seized marketplace attributed 23 percent of its visitors to referrals from DeepDotWeb.

Altogether, Phan and Prihar allegedly made about 8,155 Bitcoin Core (BTC). At its peak, the BTC was worth more than $15 million, the police revealed. Almost half of this was made from commissions earned from AlphaBay.

Scott Brady, the D.A in charge of the arrests described the action as the “single most significant law enforcement disruption of the dark web to date.” Roman Sannikov shares the opinion,telling Fox News in an email that such sites provide an easy gateway into the criminal underworld.

Once again, cryptos were at the heart of the operation. Their ease of use and relative anonymity make them a darling of dark web marketplaces. Last month, the Manhattan DistrictAttorney indicted three individuals whom he accused of selling counterfeit drugs on the dark web, with revenues topping $2.3 million.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

0 comments on “FBI seizes DeepDotWeb, believed to have made over 8000 BTC

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: