Fraud Shop Genesis Market Shut Down and Sanctioned by OFAC

April 08, 2023

On April 4, 2023, authorities shut down popular fraud shop Genesis Market and arrested hundreds of its users around the world in a coordinated international law enforcement effort dubbed Operation Cookie Monster. Genesis Market was a fraud shop catering to users around the world. In many cases, Genesis could provide active session cookies for these accounts that allowed buyers to bypass multi-factor authentication. Genesis Market’s on-chain activityGenesis Market has received tens of millions of dollars’ worth of cryptocurrency during its lifetime, primarily in Bitcoin. While Genesis’ OFAC designation doesn’t list any of the service’s cryptocurrency addresses, Chainalysis has identified hundreds of thousands of Genesis addresses, with more likely to come as our data improves over time.