Dark Web Marketplace 'Wall Street Market' Has Been Shut Down

Law enforcement agencies from the US and the EU have reportedly gained control of the servers of the popular dark web marketplace Wall Street Market. The underground market was known to be one of the most sought-after marketplaces of its kind, where criminals bought and sold drugs, hacking tools, weapons and more.

ZDNet reported that Wall Street Market's downfall comes after the underground market's administrators made away with over $14 million in cryptocurrencies. The admins reportedly pulled exit scams, stealing from and blackmailing buyers and vendors. One of the admins of the dark web market called Med3lin reportedly blackmailed users and vendors, threatening to reveal their identities to law enforcement unless a payment of 0.05 Bitcoin is made.

A few weeks before the Wall Street Market's servers were seized by law enforcement authorities, Med3lin exposed the underground marketplace's server's location by posting the Wall Street Market's backend login credentials and IP address on Dread. The login credentials provided admin level access to the Wall Street Market, which in turn, would allow anyone the ability to determine the identity of users and vendors, as well as gather information on the site's activities.

Over the past couple of years, several popular dark web marketplaces, including Dream Market, AlphaBay, and Hansa have been shut down by law enforcement authorities. The takedown of these popular dark web markets has sparked intense rivalry among the remaining competitors, leading to massive turf wars.