The United States government has made a significant move against online crime. Announced in a press release, the government has seized massive crypto funds and 145 website domains tied to a criminal marketplace called BidenCash. The announcement came from the U.S. Attorney’s Office for the Eastern District of Virginia on June 5. This operation marks a strong step in the ongoing fight against cybercrime and illegal use of digital currencies. BidenCash: A Hub for Stolen Data BidenCash was a marketplace that operated on the darknet and the traditional internet. Since March 2022, it has earned over $17 million by selling stolen card numbers and personal information. Over 117,000 people used the site, which facilitated the trafficking of more than 15 million credit and debit card details. Between October 2022 and February 2023, BidenCash reportedly gave away 3.3 million stolen credit cards for free. The move was aimed at expanding its customer base. These records included names, addresses, emails, phone numbers, card numbers, expiration dates, and CVV codes. The marketplace also offered stolen login credentials that gave criminals access to private computers. U.S Authorities Crackdown on Illegal Marketplace The Department of Justice got court approval to control the crypto funds linked to BidenCash. Although officials did not say how much cryptocurrency was seized, it was confirmed that it came from illegal sales made through the platform. Now, all 145 domains once used by BidenCash are inactive. Anyone accessing them will be redirected to a U.S. law enforcement server. This means criminals can no longer use these sites for illegal trade. The U.S. Attorney’s Office confirmed that the shutdown aims to prevent further harm and warn others involved in similar crimes, such as the notorious Lazarus group . The investigation was led by the U.S. Secret Service and the FBI, with support from international partners. Teams involved included the U.S. Secret Service’s Frankfurt Resident Office, its Cyber Investigative Section, and the FBI’s Albuquerque Field Office. They also worked with the Dutch National High Tech Crime Unit, the Shadowserver Foundation, and Searchlight Cyber. A Broader Effort Against Cybercrime This is not the first recent action against crypto-related crimes in the United States. Just last month, U.S. officials took down five domains linked to LummaC2. This malware tool is used to help cybercriminals steal crypto wallet seed phrases and other private data. These efforts are part of a larger global strategy to protect people from online threats and stop criminals from abusing digital tools. In a similar move, Ukrainian authorities recently arrested a man behind a $4.4 million cryptojacking scheme that hijacked over 5,000 accounts on a hosting platform. These actions show a growing international effort to fight against crypto abuse and protect users online. The post US Shuts Down BidenCash Darknet Market, Seizes Crypto Funds appeared first on TheCoinrise.com .
