Security News > 2023 > April > New dark web market STYX focuses on financial fraud services
A new dark web marketplace called STYX launched earlier this year and appears to be on its way to becoming a thriving hub for buying and selling illegal services or stolen data.
However analysts at threat intelligence company Resecurity noticed mentions of STYX on the dark web since early 2022, when the founders were still building the escrow module.
Resecurity highlighted some vendors that offer money laundering services through STYX, like "Verta," who requests a minimum of $15,000 for individuals and $75,000 for businesses and keeps 50% of the laundered amount.
STYX hosts a plethora of cash-out shops that cover the entire world, offering the "Clean" funds via Apply Pay, PayPal business accounts with merchant terminals, and various financial institutions in the U.S., U.K., and Canada.
The emergence of STYX as a new platform for financially-motivated cybercriminals shows that the market for illegal services continues to be a lucrative business.
With the Genesis Market disrupted, the void for digital identities needs to be filled and STYX may see an increased flux of customers looking for compromised accounts and personal information.
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