Wall Street Market (2016-2019)
eventMoney & Finance · Crypto & Digital ID · Darknet & Cyber
A drug-and-crime marketplace with over a million users vanished overnight with everyone's money, and its bosses still got caught.
Who they are
Wall Street Market, a large 'darknet' online black market that ran from 2016 to 2019.
What they do
It was a hidden marketplace that grew huge and then collapsed in a theft by its own operators.
How it works
It reached about 1.15 million customers and 5,400 sellers before its administrators pulled an 'exit scam' in May 2019, running off with roughly $11 million in cryptocurrency - after which German police tracked them down and arrested them.
Why it matters
It shows both how big these hidden marketplaces can get and that their operators are not beyond the reach of law enforcement.
The engine's record — word for word
Darknet market 2016-2019. Amassed 1.15 million customers and 5,400 vendors. Collapsed May 2019 with $11M cryptocurrency exit scam by administrators — administrators subsequently tracked and arrested by German police.
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