Russia Removes 4 Carding Sites With Over $260M in Crypto Revenue – Bitcoin News
Law enforcement in Russia has blocked major sites on the dark web, including a leader in the card market. The platforms have been seized amid ongoing investigations into hacking groups, with Russian authorities stepping up efforts to dismantle cybercrime networks and detain their members.
Russian Interior Ministry hits the market for stolen credit cards
The Ministry of Internal Affairs of the Russian Federation (MVD) has taken down four prominent websites operating on the dark web, blockchain forensics firm Elliptic has revealed. The sites were blocked by Directorate “K”, the computer crime unit of the MVD.
The platforms seized are Sky-Fraud Forum, Trump’s Dumps, UAS Store and Ferum Shop, which became the top marketplace for stolen credit cards after the niche’s biggest marketplace, Unicc, went offline in January, details The report.
According to Elliptic’s estimate, the sites collectively made more than $263 million in crypto sales denominated in bitcoin (BTC), ether (ETH), and litecoin (LTC) before they shut down. Ferum represents the bulk of this amount with $256 million in generated bitcoins, or 17% of the card market.
Trump’s Dumps, another website distributing compromised card data, has reportedly earned an estimated $4.1 million since its launch in 2017. Both sites were advertised on the Sky-Fraud forum, where carding techniques and tips money laundering were among the main topics. The “K” management apparently left a message in its source code: “Which of you is next? »
— Soufiane Tahiri (@S0ufi4n3) February 7, 2022
The fourth website blocked, UAS Store, was a platform offering stolen remote desktop protocol credentials that cybercriminals use to access victims’ accounts from other devices. These breaches have increased during the Covid-19 pandemic as more employees are now working from home. Since late 2017, UAS Store has earned around $3 million in cryptocurrency.
Elliptic notes that the latest foreclosures were executed after former carding marketplace Unicc and its affiliate proxy marketplace Luxsocks became inaccessible in mid-January. The seizures also took place after the alleged Unicc administrator was later arrested by the Russian Federal Security Service (FSB). The researchers claim that the crypto proceeds from the two platforms reached $372 million.
Meanwhile, the MVD has requested through a Moscow court the arrest of six unidentified hackers accused of “illegal circulation of means of payment”. It is not yet known whether the group is linked to the dark websites shut down. Last month, the FSB and MVD busted the notorious Revil ransomware group at the request of the United States, detaining 14 of its alleged members.
Do you think Russia will continue to crack down on dark web platforms and hacking groups? Tell us in the comments section below.
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