Illicit Carding Hub BidenCash Dismantled in Major Takedown
U.S. law enforcement has seized approximately 145 darknet and clearnet domains, along with cryptocurrency holdings linked to BidenCash, a notorious carding marketplace that facilitated the distribution of stolen credit card data and personal information. Since its inception in March 2022, the platform served over 117,000 users and trafficked more than 15 million payment card records, reportedly generating at least $17 million in illicit revenue.
BidenCash gained traction by periodically publishing stolen data sets—for example, offering 3.3 million credit card records free of charge between October 2022 and February 2023—as a marketing tactic to lure new buyers. These leaks included full card numbers, expiry dates, CVV codes, account holder names, addresses, email IDs and phone numbers. Beyond carding, the platform also traded compromised credentials which could be used for unauthorised computer access.
By court order, U.S. authorities have seized cryptocurrency wallets used by BidenCash to collect illicit proceeds. On‑chain intelligence from Arkham Intelligence indicates that around $43,000 in USDT was transferred to wallets designated as 'Seized Funds', although the total seizure remains undisclosed.
ADVERTISEMENT
Visitors to the seized domains are now automatically redirected to servers controlled by U.S. law enforcement and are greeted with official seizure banners bearing logos of the Department of Justice, FBI, U.S. Secret Service and involved international partners.
The dismantling of BidenCash resulted from a joint operation involving the U.S. Attorney's Office for the Eastern District of Virginia, the Secret Service, the FBI and international partners including the Dutch National High Tech Crime Unit, the Shadowserver Foundation and Searchlight Cyber. While no arrests have been confirmed publicly, the takedown highlights expanded cooperation between U.S. and European agencies.
Cybersecurity analysts warn that some traces of BidenCash remain active. As of early June, researchers such as Vmprotect identified at least seven live domains tied to the marketplace, illustrating the inherent challenges in fully eradicating darknet infrastructure.
Experts highlight that even expired credit cards and outdated personal data can fuel phishing schemes, identity theft and account takeovers, underscoring the enduring risks for victims.
The crackdown on BidenCash forms part of a broader escalation by global law enforcement in their fight against cybercrime malign platforms. Recent operations have targeted malware-as-a-service networks, counter‑antivirus services and other darknet commerce sites. Yet analysts caution that such efforts often spark rapid migration of criminal activity to new domains and platforms.
Investigators are now focusing on tracing the individuals behind the BidenCash operation and pursuing further legal actions to freeze remaining assets. Analysts emphasise that the success of this takedown will depend on follow‑through investigations and the dismantling of successor networks.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Middle East Eye
2 hours ago
- Middle East Eye
US warns countries not to join French, Saudi UN conference on Palestine: Report
The US is lobbying foreign governments not to attend a UN conference next week sponsored by France and Saudi Arabia on a two-state solution to the Israeli-Palestinian conflict, according to a US diplomatic cable reported by Reuters. The cable, sent to countries on Tuesday, warns them against taking "anti-Israel actions" and says attending the conference would be viewed by Washington as acting against US foreign policy interests. France, a permanent member of the UN Security Council, is a US ally in Nato. Saudi Arabia is one of the US's closest Middle East partners. US President Donald Trump was feted during a May visit to Riyadh, where Saudi Arabia signed billions of dollars of investment deals with the US. France and Saudi Arabia are co-hosting the gathering between 17 and 20 June in New York. New MEE newsletter: Jerusalem Dispatch Sign up to get the latest insights and analysis on Israel-Palestine, alongside Turkey Unpacked and other MEE newsletters "We are urging governments not to participate in the conference, which we view as counterproductive to ongoing, life-saving efforts to end the war in Gaza and free hostages," the cable says, according to Reuters. "The United States opposes any steps that would unilaterally recognise a conjectural Palestinian state, which adds significant legal and political obstacles to the eventual resolution of the conflict and could coerce Israel during a war, thereby supporting its enemies,' it added. France had been lobbying the UK and other European allies to recognise a Palestinian state at the conference. However, Middle East Eye reported in June that the US has warned Britain and France against recognising a Palestinian state at the conference. At the same time, Arab states have been urging them to proceed with the move, sources told MEE. In late May, United Nations member states held consultations in preparation for the conference, during which the Arab Group urged states to recognise Palestinian statehood. The Arab Group said they would measure the success of the conference by whether significant states recognise Palestine, sources in the UK Foreign Office told MEE. Since the 1950s, successive American administrations have stated that their ultimate goal in ending the Palestinian-Israeli conflict is a two-state solution. Many experts and diplomats have earmarked occupied East Jerusalem, the occupied West Bank and Gaza, which Israel seized from Egypt and Jordan in the 1967 war, as the heartland of a future Palestinian state. But US ambassador to Israel Mike Huckabee told Bloomberg News on Tuesday that a Palestinian state in the occupied West Bank was no longer a US policy goal. He said Israel's 'Muslim neighbours' could give up their land to create one. According to the cable, the US said that "unilaterally recognizing a Palestinian state would effectively render Oct. 7 Palestinian Independence Day'. Hamas led an attack on southern Israel on 7 October 2023, killing around 1,200 people. Israel responded by launching a devastating assault on Gaza that has killed more than 54,000 Palestinians, mainly women and children, and reduced the enclave to rubble. The US cable also said Washington was working with Egypt and Qatar to reach a ceasefire in Gaza and free the captives there. "This conference undermines these delicate negotiations and emboldens Hamas at a time when the terrorist group has rejected proposals by the negotiators that Israel has accepted,' it said. The Trump administration pushed Israel to agree to a three-phase ceasefire with Hamas in January. Israel broke that agreement by refusing to begin talks on ending the war permanently and unilaterally resumed attacking Gaza.
TECHx
2 hours ago
- TECHx
Digital Displays on the Rise: META Leads LFD Shift
Home » Tech Market Insights » Digital Displays on the Rise: META Leads LFD Shift Digital Displays surge in META as demand for interactive, high-brightness, and DV-LED screens grows, contrasting Europe's slowdown in the LFD market. This research article, based on the latest market insights provided by CONTEXT, explores the evolving landscape of the Large Format Display (LFD) market in the Middle East, Türkiye, and Africa (META). As global economic pressures and technology shifts redefine visual display demand, the META region demonstrates resilience and emerging opportunities in contrast to a notable slowdown in the European market. CONTEXT's data highlights growth drivers such as increasing demand for interactive and high-brightness LFDs, investments in smart cities, and the expansion of Direct View LED applications. This paper contextualizes these regional trends and examines broader factors like semiconductor tariffs and rapid technological evolution shaping the industry's trajectory. The LFD market across the Middle East, Türkiye, and Africa (META) is currently undergoing a dynamic period, characterised by both challenges and opportunities. While the META region demonstrates specific areas of growth, the European market provides a contrasting perspective, with a noted slowdown in April. LFD market shows promise in META One area of particular interest in the META region is the Large Format Display (LFD) sector. The LFD industry has experienced some relief regarding US tariffs, although concerns remain about potential future tariffs on semiconductors. Notably, LFD activity picked up in March, moving closer to the performance levels seen in 2024. This resurgence is driven by several key factors: Interactive LFD demand: There's a notable increase in demand for interactive LFDs, fuelled by adoption in educational institutions, boardroom automation, and even religious tourism. This indicates a diversification of LFD applications beyond traditional commercial settings. High brightness LFDs: The need for high brightness LFDs is also on the rise, spurred by advertising requirements and the development of smart cities. As urban centres in the META region invest in digital infrastructure, the demand for displays that can perform in various lighting conditions is expected to grow. Direct view LED momentum: The Direct View LED segment continues to demonstrate solid momentum, albeit with slightly slower growth compared to 2024. Opportunities in entertainment venues and the burgeoning esports scene are contributing to this growth. Türkiye's surging LFD market A standout within the META region is Türkiye, where the LFD market is experiencing a surge in demand for both interactive displays and signage. This highlights the country's investment in digital display technologies across various sectors. European market: April slowdown and key trends While the META region sees growth in LFDs, the European LFD market experienced a slowdown in performance in April. The main factors shaping the market currently are: Continued decline of ASPs : Average Selling Prices (ASPs) for LFDs have seen some significant price drops since the beginning of the year, and this is mainly affecting the DV-LED and Signage markets. : Average Selling Prices (ASPs) for LFDs have seen some significant price drops since the beginning of the year, and this is mainly affecting the DV-LED and Signage markets. Interactive Woes: The end of EDU investment programmes in different countries is having a large impact on the Interactive Board category of LFDs. These displays, which are now a staple for classrooms in many schools and higher education establishments, have seen a -31% decline in April as a result. The end of EDU investment programmes in different countries is having a large impact on the Interactive Board category of LFDs. These displays, which are now a staple for classrooms in many schools and higher education establishments, have seen a -31% decline in April as a result. Tough Comparables: In April 2024 the LFD market grew by 33% YoY. Demand received a boost from preparations for the Olympic games in France and the UEFA Euro in Germany. However, this implies that achieving comparable growth in the second quarter of this year will present a considerable challenge. Broader trends and considerations Several overarching factors influence both the META and European LFD markets: Semiconductor tariffs: The potential impact of US tariffs on semiconductors remains a key concern. Since LFDs rely heavily on these components, any price fluctuations in semiconductors could ripple through the entire supply chain and affect pricing in both regions. Technological evolution: The rapid pace of technological change continues to shape the LFD market. Innovations such as smart glasses have the potential to disrupt traditional display technologies in the long run. Looking ahead The LFD market presents a complex picture, with growth areas in the META region's LFD sector contrasting with a recent slowdown in the European desktop LFD market. Global economic factors, technological advancements, and supply chain considerations will continue to play crucial roles in shaping the industry's trajectory..
Channel Post MEA
13 hours ago
- Channel Post MEA
Schneider Electric Named Most Sustainable Corporation In Europe
Schneider Electric has been ranked the Most Sustainable Corporation in Europe by Corporate Knights, a Canadian media and research company focused on corporate sustainability performance. This recognition places Schneider Electric at the top of the inaugural Europe 50 ranking, which evaluated over 600 publicly listed European companies across a comprehensive set of sustainability criteria. It follows the company's earlier distinction in January 2025 as the World's Most Sustainable Corporation, also awarded by Corporate Knights as part of their renowned Global 100. Together, these accolades reaffirm Schneider Electric's unwavering commitment to sustainability and its leadership in driving meaningful change across industries and geographies. 'At Schneider Electric, sustainability is not just a priority among others —it is embedded in our purpose and mission,' said Esther Finidori, recently appointed Chief Sustainability Officer at Schneider Electric. 'Being named the Most Sustainable Corporation in Europe is a powerful recognition of our efforts to drive positive impact through innovation, transparency, and collaboration. We are proud to lead by example and remain committed to accelerating our contribution to a more sustainable and inclusive world.' The Europe 50 ranking builds on the same rigorous methodology used for the Global 100, evaluating companies on a wide range of ESG performance indicators such as carbon productivity, clean revenue, board diversity, and sustainability-linked investments. Its scope encompasses constituents of the STOXX Europe 600 Index as well as the top 100 publicly traded companies headquartered in Europe by market capitalization. This dual recognition—both globally and regionally—highlights the positive impact Schneider Electric is making. Through its innovative technologies and solutions, the company supports customers and partners in reducing their environmental footprint, improving energy efficiency, and advancing their sustainability goals.
