This intelligence brief highlights an emerging trend showing how fraudsters are making use of the blockchain to host their websites. Following the recent law enforcement operation which has resulted in the shutdown of two of the largest underground marketplaces, Alphabay and Hansa Market, fraudsters are looking for new ways to secure their operations. FraudAction Intelligence researchers have observed this new phenomenon – fraudsters are opting to host their websites on the blockchain and even register domains using a blockchain-based DNS, thus making their websites “bulletproof” to takedown.
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