U.S. authorities seize 'BidenCash' dark web domains and virtual assets

Minseung Kang

Summary

U.S. authorities announced the seizure of 145 domains and related virtual assets from the dark web market 'BidenCash.'
This seizure is said to be part of the United States government's broad crackdown on dark web-based virtual asset crime networks.
BidenCash is reported as an anonymous criminal platform that generated over $17 million in profits, with further investigations underway.

U.S. judicial authorities have seized 145 domains and related virtual assets (cryptocurrency) associated with the dark web market 'BidenCash,' which was notorious for large-scale trafficking of stolen credit card information.

According to Cointelegraph, a specialized virtual asset media outlet, on the 5th (local time), the Eastern District of Virginia federal prosecutor's office announced that it had seized BidenCash's cryptocurrency funds and domains.

The outlet explained, "This operation is part of a broad crackdown by the United States government targeting virtual asset crime networks based on the dark web." It added, "The investigative team is pursuing further tracking alongside the asset seizures."

Meanwhile, BidenCash is an anonymous criminal platform launched in March 2022. It generated profits of over $17 million (about ₩2,309,000,000) by selling more than 15 million pieces of stolen credit card information and personal data to nearly 150,000 users. The platform's name has no connection to Joe Biden, the former President of the United States, and is described as a satire or for anonymity.