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The Incognito Market, a prominent darknet platform, has recently engaged in a mass extortion scheme following an exit scam. The administrators of the market, led by an individual known as Pharoah, are threatening to release sensitive information including 557k orders and 862k cryptocurrency transaction IDs by the end of May unless a ransom is paid. This information could potentially expose a significant number of users to legal action or public exposure. The incident marks a notable escalation in the tactics used by operators of illegal online marketplaces, combining traditional exit scams with direct extortion of its user base.
The darknet Incognito Market pulled an exit scam last week, taking everyone's deposited funds. But the admins didn't stop there: now they are extorting users and threatening to leak personal info! This is a first for darknet market failures AFAIK. https://t.co/mKOjOcbD7s
Extortion is the new exit scam. The #1 darknet drug market took all of its users' money days ago. Now its admin Pharoah is demanding that each seller pay a ransom or he will turn their data over to the police. We'll see how this plays out for him. https://t.co/dJ28YqmypL
Incognito Darknet Market Mass-Extorts Buyers, Sellers: https://t.co/eQy7D2W960 by Krebs on Security #infosec #cybersecurity #technology #news
