Thursday, February 22, 2024

xDedic Marketplace Admin and Operators Arrested

In a landmark victory for cybersecurity, the xDedic Marketplace, a notorious haven for cybercrime, has been shut down. 

This international operation, spearheaded by the U.S. Attorney’s Office, FBI, IRS-CI, and a consortium of law enforcement agencies from Belgium, Ukraine, and Germany, marks a significant blow to the underground economy of compromised data and access.

For years, xDedic operated in the shadows of the internet, serving as a clandestine marketplace for hackers and cybercriminals to peddle their wares. 

Stolen credentials, personal information, and access to compromised systems across the globe were all available for purchase, with buyers able to filter their search by price, location, and operating system. 

This vast repository of ill-gotten gains fueled various criminal activities, from financial fraud and identity theft to corporate espionage and infrastructure disruption.

Unveiling the Shadowy Network:

The takedown of xDedic culminated in a meticulous investigation spanning multiple countries. 

Law enforcement agencies meticulously tracked the website’s operations, unraveling its intricate web of servers strategically dispersed across the globe. 

Bitcoin, the cryptocurrency employed by xDedic, was meticulously traced, providing crucial insights into the marketplace’s financial transactions and user base.

A Multi-pronged Attack:

On January 24, 2019, the hammer of justice fell. Seizure orders were executed against xDedic’s domain names, plunging the marketplace into darkness. 

This decisive action resulted from close collaboration between the U.S. Attorney’s Office, FBI, IRS-CI, and their European counterparts. 

The Belgian Federal Prosecutor’s Office, the Ukrainian National Police, and Europol all played crucial roles in dismantling the website’s infrastructure.

Based on evidence gathered during the investigation, authorities estimate that the website facilitated over $68 million in fraud. 

The victims span the gamut of industries, including government agencies, hospitals, financial institutions, and educational institutions, underscoring the far-reaching impact of xDedic’s illicit operations.

Website

Latest articles

Leak of China’s Hacking Documentation Stunned Researchers

In a startling revelation that has sent shockwaves through the cybersecurity community, a massive...

Apex Code Vulnerabilities Let Hackers Steal Salesforce Data

Hackers target Apex code vulnerabilities in Salesforce to exploit security weaknesses, gain unauthorized access...

Beware of New AsukaStealer Steal Browser Passwords & Desktop Screens

An updated version of the ObserverStealer known as AsukaStealer was observed to be advertised as...

US to Pay $15M for Info About Lockbit Ransomware Operator Data

In a significant move against cybercrime, the U.S. government has announced a bounty of...

Earth Preta Hackers Abuses Google Drive to Deploy DOPLUGS Malware

Threat actors abuse Google Drive for several malicious activities due to its widespread use,...

Swiggy Account Hacked, Hackers Placed Orders Worth Rs 97,000

In a startling incident underscoring the growing menace of cybercrime, a woman's Swiggy account...

Beware of VietCredCare Malware that Steals businesses’ Facebook Accounts

A new cybersecurity threat targeting Facebook advertisers in Vietnam, known as VietCredCare, has emerged....
Guru baran
Guru baranhttps://gbhackers.com
Gurubaran is a co-founder of Cyber Security News and GBHackers On Security. He has 10+ years of experience as a Security Consultant, Editor, and Analyst in cybersecurity, technology, and communications.

Live Account Takeover Attack Simulation

Live Account Take Over Attack

Live Webinar on How do hackers bypass 2FA ,Detecting ATO attacks, A demo of credential stuffing, brute force and session jacking-based ATO attacks, Identifying attacks with behaviour-based analysis and Building custom protection for applications and APIs.

Related Articles