German Police Shut Down One of the World’s Biggest Illegal Online Markets

German Police Shut Down One of the World’s Biggest Illegal Online Markets

German police have closed down one of the world’s biggest illicit online markets in the so-called dark web and captured the three men supposedly running it, investigators said on Friday. The “Wall Street Market” (WSM) site empowered trade in cocaine, heroin, cannabis, and amphetamines just as stolen information, fake documents, and malicious software.

The encrypted platform had more than 1m client records, more than 5,000 registered sellers and in excess of 60,000 deals offers, as per Frankfurt prosecutor and affidavits statements documented by US investigators in a federal court in Los Angeles. Three German men claimed to be administrators of the webpage were captured, while a fourth man, a Brazilian who, prosecutors stated, went about as an online mediator for the site – was captured in Brazil.

Klaus-Martin Frost, Jonathan Kalla, and Tibo Lousee are blamed for running Wall Street Market for almost three years, giving a darknet platform to the sale of narcotics, fake products, and hacking programming to 1.1 million clients. It offered interfaces in six languages including English, French, German, Italian, Portuguese and Spanish – and various separate categories for products, including drugs, jewelry, equipment and support for the credit card for frauds and software, among others. One vendor category, as indicated by the court filings, was just named “fraud.”

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Claude Denni

About the Author: Claude Denni

Claude Denni was born and raised in San Jose. Claude has worked as a journalist for nearly a decade having contributed to several large publications including the Daily Democrat here in Californiar and NPR. As a journalist for Coastal Morning Star, Claude covers national and international developments.

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