US Sanctions Crypto Addresses Linked to Nemesis Darknet Marketplace: A Simple Explanation
The US government has taken a big step to stop bad things happening on the dark web. They have put sanctions on some crypto addresses that were used by a man called Behrouz Parsarad. He is an Iranian man who ran a place called Nemesis on the dark web. Nemesis was a place where people could buy and sell bad things like drugs and hacking tools.
What is Nemesis?
Nemesis was a darknet marketplace that started in 2021. It was a place where people could buy and sell illegal things. There were over 30,000 people using Nemesis and over 1,000 people selling things on it. It was shut down in March 2024 by the police in Germany, the US, and Lithuania.
What are sanctions?
Sanctions are like rules that the US government makes. When they put sanctions on something or someone, it means that US citizens can’t do business with them. The US government has put sanctions on 49 crypto addresses that were used by Behrouz Parsarad. These addresses were used to buy and sell things on Nemesis.
How much money was involved?
A company called Chainalysis found out that Parsarad’s crypto wallets got over $850,000 from illegal transactions. He also sent over $12,000 to other darknet marketplaces. Parsarad tried to hide his money by using Bitcoin and making it seem like he was just buying and selling it normally.
What happens now?
Even though Nemesis was shut down, Parsarad is trying to start a new darknet marketplace. This means that the police and other countries need to keep working together to stop these bad places from happening again. The US sanctions show that the international community is serious about stopping cybercrime and drug trafficking.
Why is this a big deal?
The sanctions on Nemesis and its operator show how hard it is for the police to stop darknet marketplaces. Even when they shut one down, new ones keep popping up. The police need to work together and be more careful to catch these bad guys and stop these illegal places from happening.
—
Sources:
– cointelegraph.com
– securityweek.com
– cryptoslate.com