Cybercrime Joker Retires With A Reported $2.1 Billion In Bitcoin

The most popular stolen payment card marketplace on the dark web is no more. The criminal behind the Joker’s Stash site, which trades in stolen credit and debit card data, has announced that all servers and backups will be wiped, and the site will never open again. That criminal, who unsurprisingly goes by the pseudonym of ‘JokerStash’ or Joker for short, has shut up shop and is going into retirement. A rather comfortable retirement, assuming Interpol and the FBI don’t catch up with them, with a reported $2.1 billion (£1.5 billion) in Bitcoin.

Joker’s Stash was the biggest of the carding sites on the dark web. Carding being the process of not just selling that stolen card data, but also enabling criminals to launder their illicit cryptocurrency balances. The stolen card data is used to buy gift cards or other easily traded items which are then sold on for cash. In 2019, I reported how a single payment card database, of more than a million market fresh cards in total, was being offered for sale at $130 million (£93 million.)

PROMOTED Jumio BrandVoice | Paid Program Why Enterprises Must Adopt Stronger Identity Verification Methods To Combat Rising Fraud In 2021 UNICEF USA BrandVoice | Paid Program UNICEF Reports: Over 39 Billion Meals Missed Since Schools Shut Down Grads of Life BrandVoice | Paid Program How Reimagining Employment Practices Can Advance Racial Justice

In a January dark web blog posting, the Joker warned customers of the infamous carding site that it would shut up shop for good on February 15. However, according to financial crime compliance blockchain analysis specialists Elliptic, the site went down on February 3.

As you might imagine, this will not have pleased those customers who thought they had 12 more days to cash out their crypto balances. Although it hasn’t been possible to determine exactly how much money these cyber-criminals may have lost, the reverse is not true: Elliptic analysts have calculated the size of the Joker’s retirement pot based on incoming crypto payments to the Joker’s Stash wallet. MORE FOR YOU

Why Huawei’s New Update Is Seriously Bad News For Android UsersWhatsApp Users Suddenly Get This Surprise New Boost From FacebookHuawei’s Striking New Billion-Dollar Gamble Targets Apple, Google (And Tesla)

How big a pension has Joker built up through this criminal enterprise since it started operating in 2014? Elliptic said that, in 2018 alone, $139 million (£100 million) in sales went through Joker’s Stash, by way of example. More recently, revenues dropped significantly as payment card fraud detection technology improved. However, more than $400 million (£288 million) flowed through the site between 2015 and 2021.

Joker’s Stash made its money by charging deposit fees for converting Bitcoin to a dollar balance and also through taking a commission on all trading in stolen cards. Although that commission rate cannot be pinned down precisely, Elliptic analysts based their calculations on an average of 20% as seen at other carding operations.

“If we assume an average total commission of 20% on sales,” Elliptic wrote, “then considering bitcoin alone they would have taken a total of at least 60,000 bitcoins.”

Or, to put it another way, around $2.1 billion (£1.5 billion) currently.

Which leaves the departing statement from the Joker with the irony volume turned up to eleven. After telling cyber-gangsters not to “lose themselves in the pursuit of money,” the Joker went on to declare that “all the money in the world will never make you happy and the “most truly valuable things in this life are free.”

That’s easy to say when you have so much cash, regardless of how you came by it.

Maybe the pandemic played a role in both the site closure decision and that display of sentiment. In October 2020, Joker disclosed to customers that he, or she, had been in hospital for a week after contracting Covid-19.

Whatever, Joker’s Stash is no more and that’s a good thing for the law-abiding majority. Unfortunately, the way of the dark web world is that another carding site will soon rise to take over as the crypto kingpin of this illicit trade. Although this particular cybercrime genre has dipped in terms of profitability over the last couple of years, there is still, sadly, plenty of money to be made. Maybe not as much as the Joker’s Stash, but more than enough to make a mockery of the old saying that crime doesn’t pay. Especially as it would seem, based on current intelligence at least, that the site wasn’t busted by law enforcement but closed of its own volition. The last laugh would seem to be with the Joker.

Follow me on Twitter or LinkedIn. Check out my website

Davey Winder

Davey Winder

I’m a three-decade veteran technology journalist and have been a contributing editor at PC Pro magazine since the first issue in 1994. A three-time winner of the BT Security Journalist of the Year award (2006, 2008, 2010) I was also fortunate enough to be named BT Technology Journalist of the Year in 1996 for a forward-looking feature in PC Pro called ‘Threats to the Internet.’ In 2011 I was honored with the Enigma Award for a lifetime contribution to IT security journalism. Contact me in confidence at davey@happygeek.com if you have a story to reveal or research to share.

.

Texas Hold Em Poker Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] about: Texas Hold Em Poker In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

Kid Friendly Hotels In Las Vegas Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Hotels In Las Vegas In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]0

Who Played In The Movie Casino Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Played In The Movie Casino In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

Industry Voice: ESG&D – Why digital ethics matter for the tech sector http://www.investmentweek.co.uk – Today[…] Online welfare cuts across so many industries, from online gambling to social media and video gaming, that it is one of the most crucial issues companies face i […]0

Online Casinos New 2020 Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Online Casinos New 2020 In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

New 2021 Jun Casinos Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] New 2021 Jun Casinos In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

Net Worth Of Magic Johnson Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Net Worth Of Magic Johnson In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

ASA Reports Drop in Number of Gambling Ads Breaking Age Restrictions igamingradio.com – Today[…] Standards Authority (ASA) has reported a fall in the number of breaches of age restriction by online gambling ads […]0

Casino Rewards Members+ Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Casino Rewards Members+ In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

Lotto Corp Most Reputable Online Casinos Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Reputable Online Casinos In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

Online Casinos That Accept Mastercard Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] That Accept Mastercard In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

Canadian Casino Bonus Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Canadian Casino Bonus In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

Online Gambling Casinos That Are Giving Out Good Promos Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Information about: Online Gambling Casinos That Are Giving Out Good Promos In Canada, there is currently no law that makes it illega […] Are Giving Out Good Promos In Canada, there is currently no law that makes it illegal to operate an online gambling site […]0

Top Best Casino Online Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Top Best Casino Online In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

No-risk Matched Betting Canada Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Matched Betting Canada In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

How To Play Slots Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] about: How To Play Slots In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

Casino App Real Money Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Casino App Real Money In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

What Can I Get Eith Caesars Good Casino Card Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Caesars Good Casino Card In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

Casino Canada Fast Payout Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Casino Canada Fast Payout In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

Real Money Casino Games Bufflalo Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Casino Games Bufflalo In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

PGA championship 2021 betting review | Online Casino | Online Casino Slots | Casino Slots Review | Sports Betting | Sports Betting Review -Jackpotbetonline.com http://www.jackpotbetonline.com – Today[…] Tags: bet, bet online, gambling, golf, sports bettingN/A

Free Slot Games Free Spins Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Free Slot Games Free Spins In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

Big Fish Casino How To Win Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Big Fish Casino How To Win In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

New Casino Online Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] about: New Casino Online In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

Roulette Strategy That Works Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Strategy That Works In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

Good Fortune Casino Game Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Good Fortune Casino Game In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

Is 888 Poker Legit Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] about: Is 888 Poker Legit In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

Best Casinos Canada List Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Best Casinos Canada List In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

Casino In Moncton Is Opening When Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] In Moncton Is Opening When In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]0

Popular Casino Sites Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Popular Casino Sites In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

How To Get Out Of Jury Duty Canada Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Out Of Jury Duty Canada In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

Casino Paypal Canada Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Casino Paypal Canada In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

Baccarat Casino Online Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Baccarat Casino Online In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

Top Payout Casinos Online Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] Top Payout Casinos Online In Canada, there is currently no law that makes it illegal to operate an online gambling site […] to this, there is no current federal law prohibiting Canadian residents from taking part in online gambling at any Canada casino […]N/A

Help For Gambling Addiction Canada – Best Online Casinos Canada http://www.webandluxe.com – Today[…] If a player is willing to put in the time and research the best online gambling sites, then they could find a ton of information on websites such as Unlucky for Some and CaVemate […] For Gambling Addiction In Canada….

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.