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Home News

Cybercrime Hub Kingdom Market Shut Down

December 20, 2023
Reading Time: 2 mins read
in News
Cybercrime Hub Kingdom Market Shut Down

The German Federal Criminal Police Office (BKA) and Frankfurt’s internet-crime combating unit (ZIT) have successfully dismantled the Kingdom Market, a notorious dark web platform known for facilitating the illegal trade of drugs, cybercrime tools, and forged government IDs. This collaborative effort involved law enforcement agencies from the United States, Switzerland, Moldova, and Ukraine. As a result, the dark web marketplace has been seized, and one of its administrators, identified as Alan Bill (also known as “Vend0r” or “KingdomOfficial”), has been apprehended in the US.

Kingdom Market, which operated since March 2021 as an English-speaking dark web marketplace, had garnered international attention for hosting a range of illicit activities. The platform facilitated the buying and selling of drugs, malware, cybercrime services, stolen personal information, and counterfeit documents. Transactions on the marketplace were conducted using cryptocurrencies such as Bitcoin, Litecoin, Monero, and Zcash. The BKA revealed that the platform hosted around 42,000 items for sale, with 3,600 of them originating from Germany.

Kingdom Market reportedly had tens of thousands of customer accounts and several hundred registered sellers. The takedown of Kingdom Market was met with mixed reactions within the dark web community. Users on forums like Dread, a darknet equivalent of Reddit, expressed dismay over potential financial losses due to deposited funds in the market’s escrow for future purchases. Following the seizure, competing dark web market operators swiftly seized the opportunity to invite sellers orphaned by the Kingdom Market’s closure to join their platforms.

Invitations from platforms like Drughub and Cypher quickly surfaced on Dread, highlighting the competitive dynamics within the dark web ecosystem. As investigations continue, the BKA emphasized that efforts to identify and prosecute individuals involved in operating the illegal marketplace are ongoing. The dark web landscape remains dynamic, with law enforcement agencies actively targeting cybercriminal activities and marketplaces facilitating illegal trade

Reference:
  • German Police Dismantles Cybercrime Marketplace Kingdom Market
Tags: BitcoinCyber NewsCyber News 2023Cyber RiskCyber threatsCybersecurityDecember 2023GermanyKingdom MarketLitecoinMoneroZcash
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