Illicit Marketplace AlphaBay Returns With New Leadership

Share post:

The illegal marketplace AlphaBay has resurfaced four years after it was shut down by the U.S. Department of Justice.

The site is now run by the site’s former second commander after the 2017 shutdown, a person who goes by the alias DeSnake.

In a lengthy chat, DeSnake corresponded with WIRED by sending encrypted text messages from a series of often-changing secret accounts after proving his identity by signing a public message with DeSnake’s original PGP key.

The resurrected version of AlphaBay allows users to buy and sell only with the cryptocurrency Monero, which is much harder to track than Bitcoin.

Additionally, AlphaBay’s dark web site is now accessible not only through Tor, but also via I2P, a less popular anonymity network that DeSnake encourages users to use instead.

With AlphaBay’s relaunch a few weeks ago, the site sits at fewer than 500 listings, compared to more than 350,000 during AlphaBay’s 2017 zenith. These low numbers are likely the result of DeSnake’s insistence on accepting only Monero, a cryptocurrency that is much harder to trace than Bitcoin.

Skeptical dark web users are waiting to see if the new AlphaBay is legitimate, whiea number of distributed denial-of-service attacks that have knocked the site offline since its launch.

If DeSnake and its resurrected AlphaBay survive, it could be a highly motivated digital black market beyond the reach of U.S. law enforcement.

For more information, view the original story from Arstechnica.

Featured Tech Jobs

SUBSCRIBE NOW

Related articles

Cyber Security Today, Week in Review for week ending Friday, Feb. 23, 2024

This episode features discussion on the takedown of the LockBit ransomware gang

Breaking news: RCMP facing ‘alarming’ cyber attack

The RCMP is facing a serious cyber attack from an unspecified threat actor. The Mounties told CBC News today that a “breach of this magnitude is alarming.” “The situation is evolving quickly but at this time, there is no impact on RCMP operations and no known threat to the safety and security of Canadians,” a spokesperson

Leaked documents may show the inside of China’s hacking strategy

Documents apparently stolen by disgruntled employees to embarrass their firm may give insight into China's cyber

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways