On Wednesday, the U.S. government seized cryptocurrency funds and 145 darknet and internet domains associated with BidenCash, a marketplace for stolen credit card details. The Attorney's Office for the Eastern District of Virginia announced the seizure, marking a significant crackdown on illicit crypto-related activities.
BidenCash, which began operating in 2022, generated $17 million in revenue. The marketplace served over 117,000 customers and facilitated the trading of more than 15 million payment card numbers. The stolen information included home addresses and phone numbers.
The U.S. has been actively combating illicit activities linked to cryptocurrencies. In March, the Financial Technology Protection Act was reintroduced to the House of Representatives. This act aims to combat illicit finance on digital asset platforms.
Criminal activity in crypto is on the rise. A Chainalysis report indicates that $40 billion was received on illicit addresses with crypto ties in 2024. This number is expected to increase this year. The U.S. Secret Service and the FBI were also involved in the case.