Regardless, the impending shutdown is unlikely to have much of an impact on the overall underground carding industry, Gemini notes.

“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.” “We are also want to wish all young and mature ones cyber-gangsters not to lose themselves in the pursuit of easy money,” the site administrator(s) advised. If the bitcoin price theory holds, that would be fairly rich considering the parting lines in the closure notice posted to Joker’s Stash. However, the true reason behind this shutdown remains unclear.” “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. “JokerStash was an early advocate of Bitcoin and claims to keep all proceeds in this cryptocurrency,” Gemini observed in a blog post. Today a single bitcoin is valued at more than $35,000. A year ago, one bitcoin was worth about $9,000. Gemini said another event that may have contributed to this threat actor shutting down their marketplace is the recent spike in the value of Bitcoin. The dashboard for a Joker’s Stash customer who’s spent over $10,000 buying stolen credit cards from the site. But the majority of Stash customers do not enjoy this status, and will have to spend their balances by Feb. Those “partner” customers will be given the opportunity to cash out their accounts. jokersstashsu).Īs noted here in 2016, Joker’s Stash attracted an impressive number of customers who kept five and six-digit balances at the shop, and who were granted early access to new breaches as well as steep discounts for bulk buys. Many of those fake sites are still active (e.g.

The phony sites all traced back to the owners of a Pakistani web site design firm. In 2018, KrebsOnSecurity detailed a vast network of fake Joker’s Stash sites set up to steal login credentials and bitcoin. Like many other top cybercrime bazaars, Joker’s Stash was a frequent target of phishers looking to rip off unwary or unsophisticated thieves. Joker’s Stash routinely teased big breaches days or weeks in advance of selling payment card records stolen from those companies, and periodically linked to this site and other media outlets as proof of his shop’s prowess and authenticity. Much of that revenue came from high-profile breaches, including tens of millions of payment card records stolen from major merchants including Saks Fifth Avenue, Lord and Taylor, Bebe Stores, Hilton Hotels, Jason’s Deli, Whole Foods, Chipotle, Wawa, Sonic Drive-In, the Hy-Vee supermarket chain, Buca Di Beppo, and Dickey’s BBQ. Gemini estimates that Joker’s Stash generated more than a billion dollars in revenue over the past several years. The crime shop quickly recovered, moving to new infrastructure and assuring the underground community that it would continue to operate normally. 16, 2020, several of Joker’s long-held domains began displaying notices that the sites had been seized by the U.S.

Joker stash