August 15, 2024 at 08:28AM
A 27-year-old Russian national, Georgy Kavzharadze, has been extradited to the US and sent to prison for selling over 297,300 stolen credentials on the now defunct dark web marketplace, Slilpp. The credentials were used for fraudulent transactions totaling $1.2 million. The marketplace allegedly caused over $200 million in damages.
After reviewing the meeting notes, the key takeaways are:
– 27-year-old Georgy Kavzharadze, a Russian national from Moscow, has been found guilty of peddling stolen credentials on the dark web marketplace Slilpp between July 2016 and May 2021.
– He was extradited to the US in May 2022 from an unnamed country and has been detained since then.
– The credentials he sold included those for five different banks and were used in fraudulent transactions exceeding $5 million in value, although this sum has been reduced to $1.2 million, which he has been ordered to pay back as restitution.
– Kavzharadze sold more than 297,300 credentials on Slilpp and ran the site for five years, listing over 626,000 credentials in total.
– He also organized themed discount events, including Cyber Monday sales, and sold “related PII” alongside logins for online payment accounts, bank accounts, and other accounts.
– Authorities were able to link more than $200,000 worth of Bitcoin withdrawals to Kavzharadze from the Slilpp site between 2016 and 2018.
– The takedown of Slilpp in 2021, after nearly a decade of operation, resulted in the exposure of over 80 million credentials sold, causing estimated damages exceeding $200 million.
– Then-acting assistant attorney general Nicholas L McQuaid of the Justice Department’s Criminal Division emphasized that the department will not tolerate an underground economy for stolen identities and will continue to collaborate with law enforcement partners worldwide to disrupt criminal marketplaces like Slilpp.
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