Jack Recider
๐ค SpeakerAppearances Over Time
Podcast Appearances
What kind of payment were you accepting?
What kind of payment were you accepting?
Yeah, that was it. So washing money is what I want to know. What did you do to cash out?
Yeah, that was it. So washing money is what I want to know. What did you do to cash out?
His theory was that if this person got caught, they wouldn't snitch on him because he was giving them good deals. Besides using this method to turn his cryptocurrency into cash, he also would exchange his Bitcoin for Monero, which is more private than Bitcoin and harder to track, and then he'd cash out his Monero.
His theory was that if this person got caught, they wouldn't snitch on him because he was giving them good deals. Besides using this method to turn his cryptocurrency into cash, he also would exchange his Bitcoin for Monero, which is more private than Bitcoin and harder to track, and then he'd cash out his Monero.
Okay, so at this point, he's posted a lot to forums and is a buyer and is a seller on some markets, and he's becoming well-known and even starts working for one of the darknet markets. Specifically, he was doing...
Okay, so at this point, he's posted a lot to forums and is a buyer and is a seller on some markets, and he's becoming well-known and even starts working for one of the darknet markets. Specifically, he was doing...
On top of doing that, because he was so involved with the community, one darknet marketplace asked if he wanted to do PR for them. And he took that job. It was a small job, didn't pay much, but since he was already very active in the forums and stuff, he could just keep an eye on any negative posts about his marketplace, and he would try to make that seem more positive.
On top of doing that, because he was so involved with the community, one darknet marketplace asked if he wanted to do PR for them. And he took that job. It was a small job, didn't pay much, but since he was already very active in the forums and stuff, he could just keep an eye on any negative posts about his marketplace, and he would try to make that seem more positive.
Now, at this point, one of the more popular forums to talk about darknet markets was actually Reddit. The subreddit r slash darknet markets had 180,000 members. And this is where Sam would hang out and see what chatter was going on about darknet markets.
Now, at this point, one of the more popular forums to talk about darknet markets was actually Reddit. The subreddit r slash darknet markets had 180,000 members. And this is where Sam would hang out and see what chatter was going on about darknet markets.
One day someone made a post about the market Sam was doing PR for, and the person posting it was going by the name Hugbunter, a play on the words bug hunter. Hugbunter found an exposed config file on the Darknet market site.
One day someone made a post about the market Sam was doing PR for, and the person posting it was going by the name Hugbunter, a play on the words bug hunter. Hugbunter found an exposed config file on the Darknet market site.
So that's how Sam got to know Hugbunter, by trying to gaslight him over chat messages. Well, over time, Sam got to know Hugbunter more. And yeah, the conversation continued into other things. One thing they talked a bunch about was Reddit. Yeah, just Reddit itself. Because some users were getting banned from Reddit, trying to sell things right on Reddit instead of a darknet marketplace.
So that's how Sam got to know Hugbunter, by trying to gaslight him over chat messages. Well, over time, Sam got to know Hugbunter more. And yeah, the conversation continued into other things. One thing they talked a bunch about was Reddit. Yeah, just Reddit itself. Because some users were getting banned from Reddit, trying to sell things right on Reddit instead of a darknet marketplace.
And it became a big thing to talk about. Like, how much is Reddit going to allow on their site? I mean, we're talking about illegal buying and selling of stuff here.
And it became a big thing to talk about. Like, how much is Reddit going to allow on their site? I mean, we're talking about illegal buying and selling of stuff here.
So the idea was born. Take the dark net market subreddit and make it sort of a dedicated Reddit-like site on the dark net. Hugbunter got to work building it.
So the idea was born. Take the dark net market subreddit and make it sort of a dedicated Reddit-like site on the dark net. Hugbunter got to work building it.