Policy
U.S. Cracks Down on Illegal Trading by Seizing Darknet and Crypto Funds
The U.S. government has taken action against the BidenCash marketplace, seizing numerous darknet and internet domains involved in illicit credit card transactions.
1 min read
Overview
The U.S. seized 145 darknet and internet domains along with crypto funds connected to the BidenCash marketplace, which facilitated the trade of stolen credit card information and personal data.
- The marketplace generated $17 million and served over 117,000 customers.
- Since its launch in 2022, BidenCash has circulated more than 15 million credit card numbers, which included sensitive details such as home addresses and phone numbers.
Context
The U.S. has intensified efforts against illegal crypto activities. In March, the reintroduction of the Financial Technology Protection Act was aimed at combating illicit finance on digital asset platforms. Reports indicated that $40 billion was received via illicit crypto addresses in 2024, and this figure is expected to rise this year.
