Why Genesis Market Seizure a Big Blow?
Genesis Market was established in late 2017 and played a vital role to fill the gap especially after the seizure of Hansa and AlphaBay marketplace by the Dutch police.
By 2020, Genesis had become the world’s most popular marketplace for buying stolen credentials, cookies, and device fingerprints. Considered the largest platform in the world for illicit activities, Genesis Market offered stolen credentials for corporate and consumer accounts.
This market provided access to an extensive range of services with accounts from Gmail, Netflix, Facebook, PayPal, WordPress, Amazon, Zoom, eBay, Cloudflare, Reddit, Spotify, Twitter, and LinkedIn. Therefore, it is understandable that seizing such a thriving platform will be a huge blow to its users.
The seizure of Genesis marketplace should not come as a surprise. This development came just a month after the FBI arrested PomPomPurin (aka Pompompurin, aka Pom), the owner and admin of popular hacker and cybercrime forum Breach Forums, a hacker forum that surfaced as an alternative to the popular and now-seized Raidforums.
How did Genesis Market operate?
The market operators used information stealers to collect login credentials with fingerprint data, such as time zones, IP addresses, cookies, device information, etc.
The operators earned profits from renting the account identities via bots, including stolen accounts, and browser plug-ins that imported the login and fingerprint data of the compromised account to let attackers assume the real owner’s digital identity. As per the account type, buyers paid up to $10 to get access to an account for a specific period.
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