Dark Web’s biggest marketplace for stolen credit cards shuts down

UniCC, the biggest dark web marketplace for stolen credit and debit cards, has announced that it is shutting down its operations after making a profit of $358 million in purchases since 2013 using cryptocurrencies such as Bitcoin, Litecoin, Ether, and Dash.

The anonymous operators of UniCC posted on dark web carding forums that it is a weighted decision, they are not young and their health does not allow them to work like this any longer.

The UniCC team also gave its users 10 days to spend their balances, while also warning customers to not follow any fakes tied to their comeback.

UniCC function as an underground marketplace in which credit card details stolen from online retailers, banks, and payments companies by injecting malicious skimmers are trafficked in exchange for cryptocurrency. The cards are then used by threat actors to purchase high-value items or gift cards.

This process known as ‘carding,’ has become a key part of the cybercriminal’s playbook. According to researchers at blockchain analytic firm Elliptic, the technique is very profitable in its own right, but it is also used to help launder and cash-out cryptocurrency obtained through other types of cybercrime.

Image Credits : Bitcoin News

The post Dark Web’s biggest marketplace for stolen credit cards shuts down first appeared on Cybersafe News.

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