August 15, 2024 at 07:51AM
Georgy Kavzharadze, a Russian national, has been sentenced to 40 months in US prison for selling stolen financial and personal information on the cybercrime marketplace Slilpp. He listed over 626,000 stolen login credentials and made over $200,000 in profits. The marketplace was disrupted in June 2021 and over a dozen individuals were charged.
Key Takeaways from the Meeting Notes:
– A Russian national, Georgy Kavzharadze, was sentenced to three years and four months in prison in the US for his involvement in selling stolen financial, login, and personal information on the cybercrime marketplace Slilpp.
– Kavzharadze pleaded guilty in February 2024 to bank fraud and wire fraud conspiracy, and it was revealed that he listed over 626,000 stolen login credentials on Slilpp between July 2016 and May 2021, with fraudulent transactions totaling more than $1.2 million.
– He offered over 240,000 login credentials for banks in various states, claiming buyers could use them to steal money from victims’ online bank and payment accounts, and he is estimated to have made over $200,000 in profits from this illegal activity.
– The authorities gained access to Slilpp’s database in June 2021, leading to the disruption of the illegal marketplace and the charging or arrest of over a dozen individuals associated with it.
– Kavzharadze was charged in August 2021 with bank fraud and wire fraud conspiracy, bank fraud, and aggravated identity theft, leading to his extradition to the US and subsequent detention.
– He was sentenced to 40 months in prison and ordered to pay over $1.2 million in restitution.
The meeting notes also mention other related cybercrime news, including the guilty pleas of two members of the LockBit ransomware group in the US, the extradition of a Ukrainian Raccoon infostealer operator to the US, and a Russian prisoner swap involving convicted cybercriminals. Additionally, the SSNDOB cybercrime marketplace was taken down by law enforcement.