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US authorities shut down carding marketplace BidenCash and seized its cryptocurrencies.
BidenCash Service Accused of Selling Stolen Credit Card Data, Organizers of Confidential Information Trading Earn $17 Million
The US government has shut down the shadowy carding marketplace BidenCash, accusing it of selling millions of stolen credit card details and personal information. The court ordered the confiscation of the service's cryptocurrency and 145 of its domains.
BidenCash launched in March 2022 as a platform for buying and selling stolen credit card data, credentials, and access information. Over the two years of operation, the marketplace served more than 117,000 customers, processed more than 15 million transactions, and generated more than $17 million in revenue, U.S. prosecutors said.
To promote its services and expand its reach, BidenCash periodically released large amounts of data for free. Between October 2022 and February 2023, the platform released 3.3 million stolen credit card records, including numbers, CVVs, account holder names, email addresses, and physical addresses.
BidenCash domains have been blocked and will be redirected to servers controlled by US law enforcement. According to the statement, the government has received legal authority to confiscate cryptocurrencies associated with the marketplace.
There is no official data on the amount of funds confiscated. However, analytical services have tracked the transfer of 43,066 USDT to one of the addresses marked as Seized Funds ("confiscated funds") and associated with wallets controlled by the US authorities. The source of the transfer is not specified.
In early March, US President Donald Trump signed an executive order to create a national Bitcoin reserve and a separate fund for storing other digital assets confiscated by the authorities — the United States Digital Asset Stockpile. The document's goal was to legally enshrine the fact that the US would accumulate cryptocurrencies without spending taxpayers' money on it.
BidenCash Service Accused of Selling Stolen Credit Card Data, Organizers of Confidential Information Trading Earn $17 Million
The US government has shut down the shadowy carding marketplace BidenCash, accusing it of selling millions of stolen credit card details and personal information. The court ordered the confiscation of the service's cryptocurrency and 145 of its domains.
BidenCash launched in March 2022 as a platform for buying and selling stolen credit card data, credentials, and access information. Over the two years of operation, the marketplace served more than 117,000 customers, processed more than 15 million transactions, and generated more than $17 million in revenue, U.S. prosecutors said.
To promote its services and expand its reach, BidenCash periodically released large amounts of data for free. Between October 2022 and February 2023, the platform released 3.3 million stolen credit card records, including numbers, CVVs, account holder names, email addresses, and physical addresses.
BidenCash domains have been blocked and will be redirected to servers controlled by US law enforcement. According to the statement, the government has received legal authority to confiscate cryptocurrencies associated with the marketplace.
There is no official data on the amount of funds confiscated. However, analytical services have tracked the transfer of 43,066 USDT to one of the addresses marked as Seized Funds ("confiscated funds") and associated with wallets controlled by the US authorities. The source of the transfer is not specified.
In early March, US President Donald Trump signed an executive order to create a national Bitcoin reserve and a separate fund for storing other digital assets confiscated by the authorities — the United States Digital Asset Stockpile. The document's goal was to legally enshrine the fact that the US would accumulate cryptocurrencies without spending taxpayers' money on it.
