The U.S. Justice Department revealed its involvement in illegal bitcoin transactions and announced the seizure of Popeyetools, a cybercrime marketplace.
Administrators Abdul Ghaffar, Abdul Sami, and Javed Mirza were accused of assisting fraud and ransomware offenses and selling bank data that had been stolen. Since 2016, Popeyetools has made $1.7 million, in part via cryptocurrency payments, and has sold personally identifying information and credit card data that has been stolen.
Additionally, authorities confiscated $283,000 worth of cryptocurrencies from a wallet under Sami’s control. In destroying the portal, which promoted services like “Live Fullz” and tools for verifying stolen financial data, U.S. Attorney Trini E. Ross emphasized the international cooperation.
For each offense, the defendants may spend up to 10 years behind bars if found guilty. International law enforcement was involved in the case, highlighting the importance of taking a strong stand against cybercrime made possible by crypto.
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