A New Bitcoin to Cash Conversion Scheme Gains Ground on the Dark Web

The latest Armor Black Market Report reveals that Bitcoin to cash conversion is the newest scheme gaining traction in the current dark web portals.

Bitcoin’s illicit exploitation by dark web criminals comes as no surprise, and many of us have already run into those suspicious emails that lure us into the world of illegal digital marketplaces.

While hacking bank account credentials or credit card numbers or gaining access to trading accounts has become a run-of-the-mill job for these criminals, some have found new ways to keep the black market industry from becoming dreary.

The cheapest Bitcoin to cash conversion scheme

After months of research by delving into the deep dark web market of underground hackers and illicit goods trading places, Armor’s Threat Resistance Unit (TRU) research team, has unveiled an interesting yet nerve-wracking scheme that lets a fraudster sell eight hundred dollars ($800) worth of Bitcoin and turn it into ten thousand dollars ($10,000) in cash by transferring it into the preferred bank account. Source...

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