January 8, 2024 at 01:46AM
The U.S. Department of Justice charged 19 individuals globally in connection with the xDedic Marketplace, accused of facilitating over $68 million in fraud. The transnational operation involved law enforcement cooperation from several countries. The marketplace allowed cybercriminals to buy or sell stolen credentials to over 700,000 hacked computers and servers, leading to various illegal activities.
From the meeting notes provided, here are the key takeaways:
– The U.S. Department of Justice charged 19 individuals worldwide in connection with the now-defunct xDedic Marketplace, which facilitated more than $68 million in fraud.
– The operation was the result of close cooperation with law enforcement authorities from Belgium, Germany, the Netherlands, Ukraine, and Europol.
– Of the 19 defendants, sentences range from 1 year to 6.5 years in prison, with one individual ordered to serve probation.
– Notable individuals included Glib Oleksandr Ivanov-Tolpintsev, Dariy Pankov, and Allen Levinson, who were involved in selling compromised credentials, offering hacked server credentials, and purchasing access to U.S.-based Certified Public Accounting firms for filing bogus tax returns.
– Five individuals have been accused of a conspiracy to commit wire fraud and are pending sentencing.
– Two buyers named Olufemi Odedeyi and Oluwaseyi Shodipe have been charged with conspiracy to commit wire fraud and aggravated identity theft.
The xDedic Marketplace allowed cybercriminals to buy or sell stolen credentials to over 700,000 hacked computers and servers worldwide. Targets of these activities included various entities such as government infrastructure, hospitals, emergency services, call centers, transit authorities, accounting and law firms, pension funds, and universities.
This is a summary of the main points from the meeting notes.