Authorities in the United States have taken control of 145 websites and an unspecified quantity of cryptocurrency associated with BidenCash, a well-known dark web marketplace that is suspected of trafficking millions of credit cards and personal data thefts.
On June 5, the US Attorney’s Office for the Eastern District of Virginia announced this serious law enforcement action.
The court-approved operation’s goals were to disrupt BidenCash’s money routes and demolish its infrastructure. BidenCash allegedly enabled extensive illicit transactions using stolen financial and personal data, impacting innumerable victims worldwide.
Authorities targeted BidenCash’s web and crypto assets to disrupt operations
Authorities aimed to stop the platform’s operations and money laundering by targeting the marketplace’s online presence as well as its cryptocurrency holdings.
Since the seizure, all 145 domains that were formerly linked to BidenCash have been switched to a server under law enforcement control, thereby blocking access to the marketplace.
Although it has not been made public how much cryptocurrency was seized, the action suggests that criminal networks that use cryptocurrencies are being closely examined.
This prosecution emphasizes US authorities’ continued efforts to crack down on cybercrime and unlawful conduct using cryptocurrency, reaffirming the dire implications for digital asset platforms engaged in illicit activities.
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BidenCash grew to 117K users, becoming a key dark web hub for stolen data
BidenCash, launched in March 2022, rapidly grew to over 117,000 users and became a major dark web marketplace for stolen data.
According to US officials, it facilitated the sale of more than 15 million stolen payment card numbers and other personally identifiable information, generating over $17 million in revenue during its operation.
The platform also sold compromised login credentials, enabling unauthorized computer access. Between October 2022 and February 2023, BidenCash released 3.3 million stolen credit card records for free.
This tactic was designed to promote its services within the cybercriminal community and attract new users.
The marketplace’s rapid growth and aggressive marketing helped it become a significant hub for illicit activity on the dark web until its recent seizure by authorities.
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BidenCash takedown marks major win in global cybercrime crackdown
The seizure of BidenCash marks another major victory in the global crackdown on cybercrime and illicit dark web activity. It follows May’s Operation RapTor, an international effort that dismantled several dark web drug trafficking platforms.
That operation led to 270 arrests across 10 countries and the seizure of $200 million in assets, including significant amounts of cryptocurrency.
These back-to-back actions signal a coordinated push by global law enforcement agencies to disrupt criminal networks operating in digital spaces. BidenCash’s takedown, in particular, highlights the growing focus on dark web marketplaces involved in financial crimes, such as trafficking stolen credit card data and personal information.
Authorities are increasingly targeting both infrastructure and illicit crypto flows to curb these threats.
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