- What: Administrator of dark web marketplace indicted for money laundering
- Impact: Highlights ongoing law enforcement efforts against illegal online marketplaces
Threat Intelligence Alleged Dream Market administrator indicted on money laundering charges May 14, 2026 Share By SC Staff As detailed in Bleeping Computer, the alleged main administrator of Dream Market Incognito Market, a prominent dark web marketplace, has been indicted in the United States on money laundering charges. Owe Martin Andresen, 49, faces six counts each of international concealment money laundering and concealment money laundering, potentially leading to 20 years in prison per charge. Andresen was arrested in Germany on separate money laundering charges. Dream Market, launched in 2013, became a major hub for illegal items and services, particularly after the takedown of Hansa and AlphaBay. It facilitated the sale of hundreds of kilograms of various drugs. Andresen, operating under the alias "Speedstepper," allegedly accessed dormant cryptocurrency wallets containing millions of dollars in commission payments in late 2022. He is accused of using a cryptocurrency service provider in Atlanta, Georgia, in August 2023 to purchase gold bars with these funds and have them shipped to his German address. German authorities seized approximately $1.7 million in gold bars, over $23,000 in cash, and evidence of substantial cryptocurrency holdings linked to Dream Market proceeds during searches in May 2026. Andresen is alleged to have laundered over $2 million between August 2023 and April 2025. Source: Bleeping Computer SC Staff Related Threat Intelligence ShinyHunters claims domain suspension after Canvas LMS attacks SC Staff May 13, 2026 The group's domain, shinyhunte.rs, went offline on Monday, May 11, 2026, leading to rumors of law enforcement seizure, potentially involving the FBI. Threat Intelligence New GhostLock tool abuses Windows API to block file access SC Staff May 12, 2026 The GhostLock tool abuses the dwShareMode parameter within the Windows CreateFileW API. Threat Intelligence German authorities shut down relaunched Crimenetwork marketplace, arrest operator SC Staff May 11, 2026 The original Crimenetwork, a significant platform for illicit goods and services, was taken down in December 2024. Related Events Cybercast Better Threat Intelligence Between Public and Private Sectors On-Demand Event Virtual Conference Nationwide Cybersecurity Summit 2025: Safeguarding America’s Digital Future On-Demand Event Virtual Conference Securing the Future of Finance: Strategies to Counter Modern Cyber Threats On-Demand Event Get daily email updates SC Media's daily must-read of the most current and pressing daily news Business Email By clicking the Subscribe button below, you agree to SC Media Terms of Use and Privacy Policy . Subscribe Related Terms Account Harvesting Deauthentication Attack Denial of Service Dictionary Attack Distributed Scans Domain Hijacking DumpSec Dumpster Diving Fault Line Attacks Password Cracking You can skip this ad in 5 seconds