Underground arbitration system settles disputes between cybercriminals.
Blocked from legitimate courts, cybercriminals have set up their own system for settling disputes, handing over ultimate decision-making to senior underground forum administrators who have awarded claims totaling as much as $20 million.
A new report from Analyst1 details activities inside these underground systems and found more than 600 requests for mediation on just one Russian-language forum alone, tackling disputes ranging from missing affiliate payments to contract violations.
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“Over the last decade, thousands of cases were examined and the proper verdicts given,” the analysts reported.
How the Cybercrime Court Works
To file a complaint with the cybercriminal court in one large underground forum, the user is required to open a thread, and then provide the username of the defendant and their contact information, according to Analyst1:
“The plaintiff will submit qualified evidence, including any chat logs, screenshots, cryptocurrency transactions, and similar relevant information,” the report explained.
The defendant then can present