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Dark web market owner arrested in New York after FBI traces crypto

The founder of Incognito Market, a notorious dark web marketplace, has been arrested and charged in New York, marking a significant victory in the fight against online criminal activities. The arrest was made as part of a broader crackdown on illegal operations conducted via the dark web.

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The founder of Incognito Market, a notorious dark web marketplace, has been arrested and charged in New York, marking a significant victory in the fight against online criminal activities. The arrest was made as part of a broader crackdown on illegal operations conducted via the dark web.

The U.S. Department of Justice (DOJ) announced that the individual, whose identity has not been disclosed, faces multiple charges, including conspiracy to commit money laundering, narcotics distribution, and operating an unlicensed money transmitting business. Incognito Market, which facilitated the sale of illegal goods and services, had been under investigation for several years.

According to the DOJ, the marketplace was a hub for the distribution of illicit drugs, counterfeit goods, and stolen data, among other illegal items. The founder’s arrest is seen as a critical step in disrupting the operations of such platforms that exploit the anonymity provided by the dark web to conduct illegal transactions.

In a statement, U.S. Attorney for the Southern District of New York, Damian Williams, emphasized the significance of the arrest: “This arrest sends a clear message that we will pursue and dismantle the infrastructure that enables illegal activities online. The dark web is not beyond the reach of the law.”

The operation involved multiple federal agencies, including the FBI and the Drug Enforcement Administration (DEA), highlighting the collaborative effort required to tackle sophisticated cybercriminal networks. Authorities also seized substantial amounts of cryptocurrency, which was used as the primary medium of exchange on Incognito Market.

This arrest is part of a larger initiative by law enforcement agencies worldwide to combat dark web marketplaces. The downfall of Incognito Market follows the shutdown of other similar platforms, signaling a continued commitment to eradicating online criminal enterprises.

In summary, the founder of Incognito Market has been arrested and charged in New York, dealing a significant blow to one of the dark web’s major illicit marketplaces. This action underscores the ongoing efforts by law enforcement to dismantle cybercriminal networks and enforce the law in the digital realm.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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