US Authorities and Dutch Police Shut Down Illegal Online Marketplace BidenCash

By Netvora Tech News

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In a major crackdown on illegal online activities, the FBI and Dutch police have taken down the illicit marketplace BidenCash, which was used to trade stolen login credentials and credit card information. The platform, which launched in March 2022, attracted over 117,000 customers who paid for each transaction. The authorities claim that BidenCash facilitated the sale of more than 15 million credit card numbers and personal information, earning its operators over $17 million. As part of the operation, 145 domains linked to BidenCash have been taken offline and seized, along with the platform's cryptocurrency wallets. A disturbing aspect of BidenCash's operations was its practice of publishing stolen credit card data to promote the platform. Between October 2022 and February 2023, the site published details of 3.3 million stolen credit cards, including card numbers, expiration dates, CVV numbers, account holder names, email addresses, and phone numbers. The joint operation involved the Dutch High Tech Crime Unit, the FBI, and cybersecurity companies The Shadowserver Foundation and Searchlight Cyber. The authorities' efforts have disrupted a significant illegal online marketplace, but the problem of cybercrime remains a pressing concern for law enforcement and individuals alike.