U.S. law enforcement has delivered a significant blow to cybercrime by shutting down the dark web marketplace BidenCash, seizing 145 associated domains and cryptocurrency funds linked to its illegal operations. Since launching in March 2022, BidenCash served over 117,000 users and facilitated the trade of stolen credit card data worth more than $17 million.
BidenCash: A Hub for Stolen Financial Data
The platform operated as a marketplace for cybercriminals to trade over 15 million credit card numbers along with personally identifiable information, including names, addresses, emails, and phone numbers. These data sets enabled buyers to commit identity theft and financial fraud. In addition to credit card details, BidenCash also sold compromised computer login credentials used for unauthorized system access.
The operators of BidenCash charged fees on each transaction and provided a user-friendly interface that made the illicit trade easy and efficient. In a bold marketing move, the platform distributed over 3 million stolen credit card numbers for free in October 2022 and February 2023, aiming to attract new users and gain credibility in criminal circles.
Coordinated U.S. and International Takedown
The operation, led by the U.S. Department of Justice and the U.S. Attorney's Office for the Eastern District of Virginia, was supported by the FBI, U.S. Secret Service, and several international partners. Key contributors included the Netherlands’ National High Tech Crime Unit, Shadowserver Foundation, and cybersecurity firm Searchlight Cyber.
As part of the operation, authorities seized 145 domain names now redirected to law enforcement-controlled servers. In addition, crypto assets linked to the platform’s illegal profits were frozen to prevent further criminal use and send a strong deterrent message to similar operators.
Part of a Broader Crackdown on Crypto-Enabled Crime
The dismantling of BidenCash follows May’s Operation RapTor, during which 270 individuals were arrested across 10 countries and assets worth over $200 million—including hundreds of millions in crypto—were seized. Authorities also shut down several drug trafficking platforms on the dark web.
This latest success underscores that while the crypto space offers a degree of anonymity, coordinated action between global law enforcement agencies continues to make real progress in the fight against cybercrime.
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