BidenCash Darknet Website Dismantled After Trafficking Over 15M Stolen Credit score Playing cards

The US Lawyer’s Workplace for the Japanese District of Virginia has seized 145 net domains and cryptocurrency property tied to BidenCash, a darknet market infamous for trafficking in stolen bank card knowledge and private info.

BidenCash started operations in March 2022, stepping in to exchange Joker’s Stash, which had been shut down a couple of yr earlier than.

Feds Strike BidenCash Market

Launched in March 2022, BidenCash marketed itself as a one-stop store for cybercriminals looking for to purchase and promote compromised monetary knowledge, together with thousands and thousands of fee card numbers and consumer credentials. {The marketplace} gained notoriety for its brazen promotional ways, most notably, a mass leak of three.3 million stolen bank cards between late 2022 and early 2023, which it provided without cost to draw extra customers.

With a buyer base exceeding 117,000, BidenCash is believed to have processed over 15 million compromised data and amassed greater than $17 million in income by transaction charges.

Based on the official press launch, federal authorities say the operation’s infrastructure has now been dismantled: the seized domains have been rerouted to legislation enforcement-controlled servers to disrupt any additional illicit exercise.

In the meantime, prosecutors additionally confirmed that cryptocurrency property linked to the platform’s unlawful income had been confiscated following court docket approval. {The marketplace} not solely monetized stolen card knowledge but in addition distributed login credentials that might allow unauthorized distant entry to computer systems.

Operation RapTor

The takedown of BidenCash is yet one more addition to an elevated crackdown on cybercriminal marketplaces, coming simply days after the historic Operation RapTor, the worldwide operation that focused fentanyl trafficking through the darkish net.

This resulted in 270 arrests and over $200 million in asset seizures, together with narcotics, cryptocurrency, and firearms. Coordinated throughout ten international locations, RapTor leveraged intelligence from beforehand dismantled markets like Nemesis and Bohemia, which had been essential in monitoring down offenders. Notably, Iranian nationwide Behrouz Parsarad, who occurs to be the founding father of Nemesis, was sanctioned and indicted, marking the primary time the Workplace of Overseas Property Management (OFAC) performed a direct enforcement function beneath JCODE.