US Treasury blacklists 49 Bitcoin and Monero addresses linked to Nemesis darknet marketplace
US Treasury blacklists 49 Bitcoin and Monero addresses linked to Nemesis darknet marketplace US Treasury blacklists 49 Bitcoin and Monero addresses linked to Nemesis darknet marketplace
Chainalysis uncovers over $1.6 million moved by Parsarad, linked to darknet trades and evasion of Iran's severe anti-drug felony pointers.
Quilt art/illustration by job of CryptoSlate. Image contains mixed swear that would come with AI-generated swear.
The US Department of the Treasury has imposed sanctions on Behrouz Parsarad, an Iranian national accused of managing the now-defunct Nemesis darknet marketplace.
As section of the action, authorities blacklisted 49 Bitcoin (BTC) and Monero (XMR) addresses linked to him.
The Popularity of enterprise of Foreign Sources Defend watch over (OFAC) launched the sanctions on March 4, mentioning that the toddle became once section of a global operation dismantling Nemesis earlier in 2024.
Meanwhile, the sanction against Parsarad is section of OFAC’s ongoing efforts to dismantle illicit online marketplaces. Particularly, the agency beforehand sanctioned Hydra Market in April 2022, with German authorities confiscating roughly â¬23 million value of Bitcoin from the platform.
Nemesis sanction
Essentially based on OFAC, Parsarad profited from Nemesis by charging customers transaction costs, reportedly amassing millions over the marketplace’s lifespan.
Nemesis served as a hub for cybercriminals and drug traffickers, enabling the sale of illicit substances and services and products. The platform’s built-in money laundering facets allowed customers to hide their monetary activities.
The authorities estimate that between 2021 and 2024, Nemesis facilitated over $30 million in drug gross sales. The marketplace furthermore offered extra unlawful services and products, in conjunction with solid identification paperwork and expert hacking services and products. Users may per chance presumably furthermore hire hackers to compromise online accounts and take hold of comfy data.
No matter Nemesis’ shutdown, stories suggest that Parsarad has already begun discussing launching a brand fresh darknet marketplace with distributors.
Parasad’s on-chain activity
A blockchain investigation by Chainalysis uncovered that Parsarad funneled over $12,000 to different darknet marketplaces, equivalent to ASAP, Incognito, and Subsequent Period.
The agency furthermore notorious that his Bitcoin wallets obtained over $850,000 from addresses associated with illicit transactions.
Meanwhile, on-chain recordsdata demonstrate he moved over $1.6 million in crypto, with analysts suggesting he leveraged Bitcoin’s value fluctuations to grow his holdings.
Chainalysis furthered that Parsarad had no order on-chain hyperlinks to Iranian monetary services and products but had vital publicity to darknet marketplaces and indirect connections to crypto mixers.
Essentially based on the agency, Parsarad deliberately obscured his illicit activities to evade detection due to the Iran’s strict penalties for drug-linked offenses, in conjunction with the death penalty.
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's capacity. He imparts insights on a range of matters love DeFi, hacks, mining and culture, underlining transformative vitality.
Most mild US Tales
Most mild Bitcoin Tales
Most mild Podcast
Listed right here
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries by job of a peek-to-peek community.
Source credit : cryptoslate.com
