Illegal BidenCash Marketplace Shut Down in the US and Associated Crypto Seized

The US Department of Justice announced the liquidation of the illegal resource BidenCash, which was used to sell stolen bank card data and other confidential information.

Since its launch in 2022, the platform has registered more than 117 thousand users, through which attackers have distributed over 15 million records with payment details. The total amount of illegal revenue from the platform exceeded $ 17 million. To increase the flow of customers, the site administrators published databases with stolen data in the public domain - one of these leaks contained information on 3.3 million bank card holders.

As part of the court ruling, the US authorities carried out an operation to confiscate the cryptocurrency assets on which the marketplace's business model was built. About 145 domains associated with the resource were also seized, which now redirect visitors to a server under the control of law enforcement agencies. This allows tracking further user actions and preventing the possible resumption of the site's activities.

Officials of the Ministry do not disclose the exact amounts of funds seized, but data from analytical services recorded a transfer of 43,000 USDT to one of the wallets marked as "Seized Funds" (seized funds), which was previously associated with similar operations of the Ministry of Justice. Where exactly this transfer was made is not yet specified. Thus, the closure of BidenCash became part of a wider US campaign to combat cybercrime in the field of digital financial technologies. This measure is aimed at protecting users from the mass dissemination of personal data and reducing the risks of fraud associated with them.