Critical Cryptocurrency Operation from the USA! Millions of Dollars in Crypto Funds Seized! Here are the Details

The U.S. Department of Justice conducted a comprehensive operation against the illegal marketplace BidenCash operating on the dark web.

US Seizes Crypto Funds and 145 Domain Names Belonging to BidenCash

According to the statement made, the Virginia Eastern District Attorney's Office announced the seizure of 145 dark web and traditional internet domain names associated with BidenCash and related cryptocurrency funds.

In a press release made by the prosecutor's office, it was stated that "The United States has ensured the seizure of the crypto funds used to collect the revenues generated from illegal sales in the BidenCash market by court order."

While the amount and type of crypto funds are not disclosed, the Department of Justice claimed that BidenCash has been operational since March 2022, serving over 117,000 customers and generating over $17 million in revenue by trading more than 15 million stolen payment cards and personal data.

Authorities also stated that BidenCash published 3.3 million stolen credit card details for promotional purposes for free between October 2022 and February 2023.

Among the leaked information were card numbers, expiration dates, CVV codes, as well as personal information such as names, addresses, email addresses, and phone numbers. It was also claimed that BidenCash sold stolen credentials that provided illegal computer access.

After the operation, all domain names belonging to BidenCash were taken offline. Users attempting to access these addresses are now redirected to servers controlled by U.S. law enforcement, preventing the continuation of illegal activities.

The investigation was conducted by the US Secret Service's Frankfurt Resident Office and Cyber Examination Division, along with the FBI's Albuquerque Office. The operation was also supported by the Netherlands National High-Tech Crime Unit, the Shadowserver Foundation, and Searchlight Cyber.

This operation is part of the broader crackdown by the US against cyber crimes related to cryptocurrencies. Last month, US officials also seized five domain names associated with the malicious software tool LummaC2, which stole cryptocurrency wallet information from millions of people worldwide.

*This is not investment advice.

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