{"id":100494,"date":"2024-11-22T01:00:51","date_gmt":"2024-11-22T05:00:51","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=100494"},"modified":"2024-11-22T01:00:55","modified_gmt":"2024-11-22T05:00:55","slug":"cybercrime-market-collapses-after-crypto-sezure","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/cybercrime-market-collapses-after-crypto-sezure\/","title":{"rendered":"Cybercrime Market Collapses After Crypto Seizure"},"content":{"rendered":"\n

The U.S. Justice Department<\/a> seized the cybercrime marketplace Popeyetools and charged its administrators for facilitating ransomware and fraud, uncovering $283,000 in crypto assets.<\/p>\n\n\n\n

\"Cybercrime
Cybercrime Market Collapses After Crypto Seizure<\/figcaption><\/figure>\n\n\n\n

Why Cybercrime Marketplace goes down<\/h2>\n\n\n\n

Popeyetools, a cybercrime marketplace, has been apprehended by the U.S. Justice Department, which has also disclosed its involvement in illicit cryptocurrency transactions.<\/p>\n\n\n\n

Abdul Ghaffar, Abdul Sami, and Javed Mirza were accused of facilitating offenses involving ransomware and fraud and selling stolen financial data. Popeyetools has generated $1.7 million in revenue since 2016, a portion of which has been derived from cryptocurrency payments<\/a>.<\/p>\n\n\n\n

Additionally, the company has sold stolen credit card data and personally identifiable information. Additionally, authorities confiscated $283,000 in cryptocurrency from a wallet that Sami was in control of.<\/p>\n\n\n\n

The platform, which advertised services such as “Live Fullz\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>” and tools for authenticating stolen financial data, was dismantled through global collaboration, as emphasized by U.S. Attorney Trini E. Ross.<\/p>\n\n\n\n

The defendants are subject to a maximum sentence of 10 years in prison for each charge if they are found guilty. International law enforcement was the focus of the case, which underscored the importance of a strong posture against crypto-enabled crime.<\/p>\n","protected":false},"excerpt":{"rendered":"

The U.S. Justice Department seized the cybercrime marketplace Popeyetools and charged its administrators for facilitating ransomware and fraud, uncovering $283,000 in crypto assets. Why Cybercrime Marketplace goes down Popeyetools, a cybercrime marketplace, has been apprehended by the U.S. Justice Department, which has also disclosed its involvement in illicit cryptocurrency transactions. Abdul Ghaffar, Abdul Sami, and […]<\/p>\n","protected":false},"author":36,"featured_media":100497,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32],"tags":[22981,22980],"class_list":["post-100494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-exchange-news","tag-crypto-seizure","tag-cybercrime-market"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/crypto-crash.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=100494"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100494\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/100497"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=100494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=100494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=100494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}