FBI Seizes $17M in Crypto as Major Dark Web Marketplace Collapses

An extensive international cybercrime network has been brought down after law enforcement seized 145 domains linked to BidenCash, a notorious online marketplace that thrived on trading stolen credit card data and compromised digital identities.

The takedown, coordinated by the FBI, U.S. Secret Service, Dutch police, and cybersecurity firms, marks a major blow against illicit cryptocurrency-financed operations.

BidenCash had operated openly on both the dark web and the clearnet, facilitating the sale of over 15 million stolen credit cards and offering access to hacked systems—generating over $17 million in crypto payments since its launch in 2022.

Authorities say the platform even distributed millions of stolen cards for free in an aggressive bid to attract more users. Now, its once-active domains—including bidencash.asia—have been replaced with seizure notices from the U.S. government.

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This action is the latest in a growing string of international crackdowns on crypto-fueled cybercrime. Just last month, Europol led Operation RapTor, targeting dark web fentanyl vendors who relied on cryptocurrency, while U.S. prosecutors seized $24 million in digital assets tied to a Russian-linked malware scheme.

The fall of BidenCash highlights not only the evolving tactics of law enforcement but also the tightening global net around digital criminal enterprises.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.