The late Famennian Dasberg event is described as a series of global hypoxic and transgressive events associated with global faunal turnover. The event, recorded on a deep shelf of the Rhenohercynian basin from southern Euramerica, was investigated in the Holy Cross Mountains of Poland using integrated high-resolution geochemical, mineralogical, and palynological studies. The data revealed the progressive restriction of the intrashelf basin resulting from intense regional block tectonics likely connected with the Late Devonian Variscan tectonic activity. This led to weak chemocline ventilation, the development of anoxic conditions, and the deposition of two organic-rich Dasberg black shale (DBS) horizons. The DBS was deposited in an environment characterized by the constant contribution of detrital components from a common source area. A slight change in terrestrial input may have been driven by modest bathymetric changes associated with the tectonics and stronger winds delivering charcoal and terrestrial components (i.e., miospores and phytoclasts). A supply of nutrients from land and delivery of crucial biolimiting elements (i.e., nitrogen and phosphorus) from deeper waters stimulated primary productivity, as recorded in phytoplankton blooms. The δ13Corganic values in the DBS reflect the incorporation of primary biomass from mainly marine photoautotrophs into sedimentary organic matter. Episodic delivery of toxic sulphides to the photic zone was detected by small-sized framboids and biomarkers, which record the appearance of green sulphur bacteria that photosynthesized in euxinic water column. The activity of phototrophic sulphide-oxidizing bacteria could have led to hyper-enrichment of Zn (715–1002 ppm) in the Lower DBS. The diachronous appearance of the DBS horizons in Euramerica and Gondwana, and regionally marked extinction of benthic fauna, suggest that anoxia developed in restricted Black Sea–like basins formed by intensive tectonic activity and continental plate convergence.