Latest news with #BidenCash
Yahoo
4 days ago
- Business
- Yahoo
U.S. Seizes Darknet, Internet Domains, Crypto Funds Tied to Illegal Trading in Credit Card Data
The U.S. seized 145 darknet and internet domains as well as cryptocurrency funds linked to BidenCash, a market for buying and selling stolen credit card details and associated personal information, the Attorney's Office for the Eastern District of Virginia said on Wednesday. The marketplace accumulated revenue of $17 million from supporting over 117,000 customers and traded more than 15 million payment card numbers since it began operating in 2022, the attorney's office said. The information included home addresses and phone numbers. The U.S. has been trying to clamp down on illicit activity with crypto ties. In March, the Financial Technology Protection Act to combat illicit finance on digital asset platforms was reintroduced to the House of Representatives after failing to complete its journey through the Senate before the end of the Congressional session. Criminal activity in crypto is rising. According to a report by Chainalysis $40 billion was received on illicit addresses with crypto ties in 2024 and the number it said is set to increase this year. The U.S. Secret Service's Frankfurt Resident Office, the U.S. Secret Service's Cyber Investigative Section and the FBI Albuquerque Field Office were also involved in the case.
Yahoo
4 days ago
- Business
- Yahoo
The Department of Justice just seized crypto and 145 web domains from what they allege was an online marketplace for stolen credit cards
The U.S. Department of Justice (DOJ) has seized 145 internet domains and an undisclosed amount of cryptocurrency from an internet marketplace they allege facilitated the exchange of stolen credit cards, the agency announced on Wednesday. Known as BidenCash, the marketplace began in 2022, and attracted more than 117,000 customers, according to the DOJ. The platform's administrators allegedly charged a fee on each transaction that took place on the website, generating over $17 million in its three years of operating, according to the agency. It remains unclear what role cryptocurrency played in the operation's payment infrastructure. It is also unknown how much and what kind of cryptocurrency was seized from the operation. The DOJ did not immediately respond to a request for comment from Fortune. The U.S. government has been seizing cryptocurrency associated with alleged criminal activity since as far back as 2013, but the sums collected have become larger over the years. One of the largest seizures to date was in 2022, when the U.S. government confiscated approximately 120,000 Bitcoins—now worth more than $12 billion—that they say was stolen during a hack of crypto exchange Bitfinex. Prior to this year, it was customary for the U.S. Marshals Service to auction off seized Bitcoin, like it does with other assets like real estate and cars. However, that changed in March when President Donald Trump signed an executive order to establish a strategic Bitcoin reserve, and separate digital asset stockpile which will include other cryptocurrencies like Ethereum and Solana. The executive order stated that the government would create the stockpile with crypto seized from criminal activity. While it is unclear exactly how much crypto the government owns, the White House's AI and crypto czar David Sacks said at the time that it held around 200,000 Bitcoins, worth over $20 billion at the currency's current price. This story was originally featured on
Business Wire
5 days ago
- Business
- Business Wire
Searchlight Cyber Supports the U.S. Government Takedown of the BidenCash Dark Web Marketplace
ALEXANDRIA, Va.--(BUSINESS WIRE)-- Searchlight Cyber provided technical capabilities to support the law enforcement takedown of the dark web marketplace BidenCash, announced this week by the U.S. Department of Justice. The operation involved the seizure of 145 dark web and traditional internet domains, and cryptocurrency funds associated with the marketplace. The BidenCash marketplace domains are no longer operational and will redirect to a U.S. law enforcement-controlled server, preventing future criminal activity on these sites. Searchlight Cyber provided technical capabilities to support the law enforcement takedown of the dark web marketplace BidenCash, announced this week by the U.S. Department of Justice. Share The BidenCash marketplace was launched in 2022 and operated on both the dark web and the regular clear web. The market specialized in the sale of stolen credit card information, personal data, and Secure Shell Protocol (SSH) credentials. It was a popular market for cybercriminals looking to commit financial fraud and has gained notoriety through a series of data leaks that it posted for free to promote the site. Often these leaks would include the card details of millions of users. According to the figures from the Department of Justice, the BidenCash marketplace had more than 117,000 customers and facilitated the trafficking of more than 15 million payment card numbers and personally identifiable information, generating more than $17 million in revenue during its operations. Searchlight Cyber's dark web investigation tools are used by law enforcement and government agencies around the world to support operations against cybercriminals who use the anonymity of the dark web to mask their identities in an attempt to evade justice. Searchlight indexes, archives, and categorizes data from the dark web to make it easy for law enforcement to investigate, providing invaluable context on actors, sites, and posts. With more than 15 years of dark web data on forums, marketplaces, hidden sites, communications, threat actors, illegal goods and more - it has been deployed in some of the largest dark web takedowns and seizures. You can find more information on the takedown in the Department of Justice press release. About Searchlight Cyber Searchlight Cyber was founded in 2017 with a mission to stop threat actors from acting with impunity. Its External Cyber Risk Management Platform helps organizations to identify and protect themselves from threats emerging from the cybercriminal underground, with Attack Surface Management and Threat Intelligence tools designed to separate the signal from the noise. It is used by some of the world's largest enterprises, government and law enforcement agencies, and the Managed Security Service Providers at the forefront of protecting customers from external threats. Find out more at
Yahoo
5 days ago
- Business
- Yahoo
Searchlight Cyber Supports the U.S. Government Takedown of the BidenCash Dark Web Marketplace
ALEXANDRIA, Va., June 04, 2025--(BUSINESS WIRE)--Searchlight Cyber provided technical capabilities to support the law enforcement takedown of the dark web marketplace BidenCash, announced this week by the U.S. Department of Justice. The operation involved the seizure of 145 dark web and traditional internet domains, and cryptocurrency funds associated with the marketplace. The BidenCash marketplace domains are no longer operational and will redirect to a U.S. law enforcement-controlled server, preventing future criminal activity on these sites. The BidenCash marketplace was launched in 2022 and operated on both the dark web and the regular clear web. The market specialized in the sale of stolen credit card information, personal data, and Secure Shell Protocol (SSH) credentials. It was a popular market for cybercriminals looking to commit financial fraud and has gained notoriety through a series of data leaks that it posted for free to promote the site. Often these leaks would include the card details of millions of users. According to the figures from the Department of Justice, the BidenCash marketplace had more than 117,000 customers and facilitated the trafficking of more than 15 million payment card numbers and personally identifiable information, generating more than $17 million in revenue during its operations. Searchlight Cyber's dark web investigation tools are used by law enforcement and government agencies around the world to support operations against cybercriminals who use the anonymity of the dark web to mask their identities in an attempt to evade justice. Searchlight indexes, archives, and categorizes data from the dark web to make it easy for law enforcement to investigate, providing invaluable context on actors, sites, and posts. With more than 15 years of dark web data on forums, marketplaces, hidden sites, communications, threat actors, illegal goods and more - it has been deployed in some of the largest dark web takedowns and seizures. You can find more information on the takedown in the Department of Justice press release. About Searchlight Cyber Searchlight Cyber was founded in 2017 with a mission to stop threat actors from acting with impunity. Its External Cyber Risk Management Platform helps organizations to identify and protect themselves from threats emerging from the cybercriminal underground, with Attack Surface Management and Threat Intelligence tools designed to separate the signal from the noise. It is used by some of the world's largest enterprises, government and law enforcement agencies, and the Managed Security Service Providers at the forefront of protecting customers from external threats. Find out more at View source version on Contacts Media Contact Aidan MurphyHead of Comms at Searchlight Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
