It sounds like something from a movie or comic book, but instead the story comes from real life – especially the online “cybercrime” and world of cryptocurrency. According to a recent Forbes story, an infamous cybercrime figure known as Jokerstash (or simply “Joker, for short”) has retired from his life of crime, including bitcoin worth 3 billion. Exceeds the dollar.
Jokerstash derives its name from Joker’s Stash, a dark website that smuggles goods such as stolen credit card numbers and other types of sick data. According to an announcement by Clown Prince himself, he is retiring and taking the site with him, erasing all the servers connected to the site and retiring permanently.
This is good news for Jokerstash, provided it can keep any interested law enforcement agencies on its back, but bad news for everyone else in the stolen credit card business. Joker’s stash for “carding” was reportedly considered one of the most popular sites on the Dark Web, through the process of selling stolen credit card data as well as more easily traded commodities such as gift cards Serving as a hub for the legitimacy of stolen funds.
Jokerstash returned its announcement in January, letting their patrons know that the site was scheduled to go dark on February 15. But it ended up being closed about two weeks ago, putting a lot of those customers in a bind and unable to redeem their cryptocurrency balance.
The blockchain and cryptocurrency analysis site Elliptic paid a lot of attention to Jokerstash, estimating Joker’s overall estimate through the total transactions of Joker’s site:
“If we take an average of 20% commission on sales, they would have taken at least 60,000 stockholms in total, considering bitcoin alone.”
As of this writing, such an amount would be over $ 3 billion, more than enough for almost any cyber crime to live comfortably for decades to come.