Tuesday, June 25, 2024

Buffalo Man Pleads Guilty To Buying Stolen Data From Genesis Market

Buffalo, N.Y. — U.S. Attorney Trini E. Ross announced today that Wul Isaac Chol, 27, of Buffalo, NY, pleaded guilty before the U.S.

District Judge John L. Sinatra, Jr. to possessing 15 or more unauthorized access devices intending to defraud.

The charge carries a maximum penalty of 10 years in prison and a fine of $250,000.

Details of the Case

Assistant U.S. Attorney Charles M. Kruly, who is handling the case, provided detailed insights into Genesis Market’s operations.

This online marketplace is notorious for compiling stolen data from malware-infected computers worldwide.

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The stolen data includes computer and mobile device identifiers, email addresses, usernames, and passwords, which are packaged and sold on the market.

Transactions on Genesis Market are conducted using virtual currencies, such as Bitcoin.

Chol’s Involvement

Between June 2019 and January 2021, Chol deposited approximately $105.08 worth of Bitcoin into a Genesis account he had created.

Using these funds, he purchased 21 packages of unauthorized access devices containing approximately 778 unauthorized access devices.

Furthermore, Chol admitted to obtaining $25,164.00 from the New York State Department of Labor without authorization.

Investigation and Sentencing

The plea results from an extensive investigation by the Federal Bureau of Investigation (FBI), under the direction of Special Agent-in-Charge Matthew Miraglia.

Sentencing for Chol is scheduled for September 13, 2024, before Judge Sinatra.

This case highlights the ongoing efforts of law enforcement agencies to combat cybercrime and the illegal trade of stolen data.

The guilty plea serves as a reminder of the severe consequences of such activities.

As the sentencing date approaches, the community will be watching closely to see what the outcome will be and what message it will send to potential cybercriminals.

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Divya is a Senior Journalist at GBhackers covering Cyber Attacks, Threats, Breaches, Vulnerabilities and other happenings in the cyber world.

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