black market

spotify-caught-hosting-hundreds-of-fake-podcasts-that-advertise-selling-drugs

Spotify caught hosting hundreds of fake podcasts that advertise selling drugs

This week, Spotify rushed to remove hundreds of obviously fake podcasts found to be marketing prescription drugs in violation of Spotify’s policies and, likely, federal law.

On Thursday, Business Insider (BI) reported that Spotify removed 200 podcasts advertising the sale of opioids and other drugs, but that wasn’t the end of the scandal. Today, CNN revealed that it easily uncovered dozens more fake podcasts peddling drugs.

Some of the podcasts may have raised a red flag for a human moderator—with titles like “My Adderall Store” or “Xtrapharma.com” and episodes titled “Order Codeine Online Safe Pharmacy Louisiana” or “Order Xanax 2 mg Online Big Deal On Christmas Season,” CNN reported.

But Spotify’s auto-detection did not flag the fake podcasts for removal. Some of them remained up for months, CNN reported, which could create trouble for the music streamer at a time when the US government is cracking down on illegal drug sales online.

“Multiple teens have died of overdoses from pills bought online,” CNN noted, sparking backlash against tech companies. And Donald Trump’s aggressive tariffs were specifically raised to stop deadly drugs from bombarding the US, which the president declared a national emergency.

BI found that many podcast episodes featured a computerized voice and were under a minute long, while CNN noted some episodes were as short as 10 seconds. Some of them didn’t contain any audio at all, BI reported.

Spotify caught hosting hundreds of fake podcasts that advertise selling drugs Read More »

telegram-bans-$35b-black-markets-used-to-sell-stolen-data,-launder-crypto

Telegram bans $35B black markets used to sell stolen data, launder crypto

On Thursday, Telegram announced it had removed two huge black markets estimated to have generated more than $35 billion since 2021 by serving cybercriminals and scammers.

Blockchain research firm Elliptic told Reuters that the Chinese-language markets Xinbi Guarantee and Huione Guarantee together were far more lucrative than Silk Road, an illegal drug marketplace that the FBI notoriously seized in 2013, which was valued at about $3.4 billion.

Both markets were forced offline on Tuesday, Elliptic reported, and already, Huione Guarantee has confirmed that its market will cease to operate entirely due to the Telegram removal.

The disruption of both markets will be “a big blow for online fraudsters,” Elliptic confirmed, cutting them off from a dependable source for “stolen data, money laundering services, and telecoms infrastructure.”

Huione Guarantee is a subsidiary of Huione Group, which the US has alleged also owns Huione Pay and Huione Crypto. Telegram’s move comes after the US Treasury launched a plan to ban the Huione Group from the US financial system earlier this month, Reuters reported. Citing money laundering concerns, Treasury Secretary Scott Bessent accused the group of supporting “criminal syndicates who have stolen billions of dollars from Americans.”

Telegram bans $35B black markets used to sell stolen data, launder crypto Read More »