Crypto 380

06/09 04:09

FBI seizes $17 million worth of cryptocurrencies

FBI seizes $17 million worth of cryptocurrencies

A vast international cybercrime network has been dismantled after law enforcement seized 145 domains linked to BidenCash, a notorious online marketplace that thrived on trading stolen credit card data and compromised digital identities.

The arrest , coordinated by the FBI, the US Secret Service, the Dutch police and cybersecurity companies, is a serious blow against illegal operations funded by cryptocurrencies.

BidenCash has operated openly on both the darknet and the clearnet, facilitating the sale of over 15 million stolen credit cards and offering access to hacked systems, generating over $17 million in crypto payments since its launch in 2022.

Authorities say the platform even distributed millions of stolen cards for free in an aggressive campaign to attract more users. Now, its once-active domains, including bidencash.asia, have been replaced with seizure notices from the U.S. government.

The operation is the latest in a series of international crackdowns on cryptocurrency-funded cybercrime. Last month, Europol conducted Operation RapTor targeting darknet fentanyl sellers who relied on cryptocurrency, and US prosecutors seized $24 million in digital assets linked to a Russian malware distribution scheme.

The fall of BidenCash highlighted not only the evolving tactics of law enforcement, but also the tightening of the global web around digital criminal enterprises.

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