The Treasury Department collaborated with international partners to disrupt an alleged illicit darknet marketplace.
The Treasury Department’s Office of Foreign Assets Control (OFAC) joined the U.S. Department of Justice (DOJ) and global entities to take action designating Genesis Market, one of the world’s largest illicit marketplaces, for its alleged role in the theft and sale of device credentials and related sensitive information.
“The United States, along with our international partners, will not allow illicit marketplaces to operate with impunity,” Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson said. “Treasury will continue to work closely with our law enforcement colleagues to disrupt this activity and hold malign cyber actors accountable.”
According to the Treasury Department, Genesis Market is being designated pursuant to Executive Order (E.O.) 13694, as amended by E.O. 13757, for allegedly being responsible for or complicit in cyber-enabled activities originating from outside the United States that have contributed to a significant threat to the national security.
All property and interests in property of Genesis Market that are in the United States or in the possession or control of U.S. persons must be blocked and reported to OFAC, the Treasury Department indicated. Treasury officials add that persons engaging in certain transactions with the entity designated may themselves be exposed to sanctions.