The U.S. Attorney for the Eastern District of Virginia (EDVA) announced the seizure of approximately 145 internet domains and cryptocurrency funds associated with the notorious BidenCash marketplace.
What is BidenCash?
Launched in March 2022, BidenCash quickly became a go-to platform for cybercriminals trading stolen credit card information and personally identifiable information (PII).
Months after launching, the platform published over 3 million credit cards for free to promote its service. In addition to the card details, information such as the cardholders’ names, addresses, email addresses, and phone numbers were also shared as part of that promo, according to EDVA.
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The marketplace is also accused of selling compromised credentials that allowed access to computers without proper authorization, EDVA added.
This marketplace operated on both the dark web and clearnet, and a fee was charged for each illicit transaction. BidenCash reportedly grew to support over 117,000 customers who trafficked of over 15 million payment card numbers and PII and generated over $17 million.
The Seizure Operation
The seizure announced this week was a coordinated effort including domestic and international partners. The operation. Authorities obtained court authorization to seize both the domains and cryptocurrency funds used by BidenCash to receive illicit proceeds from its illegal sales.
Impact and Current Status
Following the seizure, the BidenCash marketplace domains that were seized are no longer operational, according to EDVA. Users attempting to access these sites are now redirected to a server controlled by U.S. law enforcement.
The Department of Justice is still investigating the extent of the operation and its international connections.
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