darknet market Incognito exit scam brings upon a new age of scamming
- Oliver Cole
- Mar 12, 2024
- 2 min read
Updated: May 22, 2024
The darknet market known as Incognito has started an exit scam unlike any other. The underground narcotics hub has embarked on a campaign of extortion targeting both its vendors and buyers. In a bold move the market is threatening to expose transaction histories and chat records of vendors who refuse to comply with demands ranging from $100 to $20,000.
This extortion effort follows closely on the heels of reports that Incognito Market administrators executed an exit scam, leaving users unable to access millions of pounds in crypto wallets associated with the site.
A message added to the home page and addressed to Incognito Market users states:
"We got one final little nasty surprise for y'all."
"We have accumulated a list of private messages, transaction info and order details over the years. You'll be surprised at the number of people that relied on our 'auto-encrypt' functionality. And by the way, your messages and transaction IDs were never actually deleted after the expiry."
They go on to say:
"We'll be publishing the entire dump of 557k orders and 862k crypto transaction IDs at the end of May, whether or not you and your customers' info is on that list is totally up to you."
As Incognito Market primarily deals in narcotics, the prospect of this data being exposed is worrying many vendors and buyers alike.
This is in stark contrast to other market exit scams that would only involve taking the money stored in user wallets. Incognito leveraging their user data is mostly unheard of and coming updates about the situation will definitely start to paint a picture of how this will affect other darknet markets considering exit scamming.
details were collected from the following sources: