US law enforcement has shut down BidenCash, a notorious dark web marketplace accused of selling millions of stolen credit cards and personal data. The takedown marks a major victory in the fight against crypto-enabled cybercrime.
Key Highlights:
- 145 domains seized and redirected to law enforcement servers.
- Undisclosed amount of cryptocurrency linked to BidenCash was also confiscated.
- The marketplace facilitated the sale of 15M+ stolen payment cards and sensitive personal data.
- BidenCash reportedly generated over $17 million in revenue since its launch in March 2022.
- The operation was led by the US Secret Service, FBI, and DOJ.
What Was BidenCash?
BidenCash operated on the dark web, catering to cybercriminals and fraudsters. It:
- Had over 117,000 registered users
- Offered compromised credit cards, stolen login credentials, and other PII (personally identifiable information)
- Infamously leaked 3.3 million stolen credit card numbers for free between October 2022 and February 2023 to promote its services
These aggressive tactics helped it become one of the most active marketplaces for cybercrime in recent years.
Operation Details
Announced on June 5, 2025, by the US Attorney’s Office for the Eastern District of Virginia, the court-authorized operation included:
- Domain seizure: 145 web domains taken down
- Crypto seizure: Undisclosed amount tied to illicit activities
- Infrastructure targeting: Disruption of platform operations and financial networks
The seized domains now redirect to a US government notification page, signaling official control.
Global Enforcement on the Rise
The BidenCash takedown follows other high-profile crackdowns:
- Operation RapTor (May 2025): Led to 270 arrests, $200M in seized assets—including large crypto holdings
- Nemesis Sanctions (March 2025): 44 Bitcoin and 5 Monero addresses linked to $850K in illegal activity were sanctioned
Dark Web Revenues Continue to Climb
According to TRM Labs’ 2025 Crypto Crime Report:
- Darknet markets generated $1.7 billion in 2024
- Russian-language forums dominate due to minimal enforcement risks in Russia
Crypto, Crime & Regulation
This operation adds pressure on centralized exchanges and custody platforms to:
- Enhance KYC/AML compliance
- Improve transaction monitoring
- Cooperate with law enforcement in real-time investigations
A broader crackdown on crypto-facilitated crime is expected to intensify, especially as blockchain forensics capabilities evolve.
Conclusion
The BidenCash shutdown underscores the US government’s escalating war on dark web markets and their crypto-financed infrastructures. While illicit crypto use represents a small fraction of total transactions, platforms like BidenCash prove how blockchain anonymity tools can be weaponized for large-scale fraud.
Crypto may be decentralized—but crime isn’t without consequences.
