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Home News

Hacker Sentenced for Selling Stolen Logins

August 14, 2024
Reading Time: 2 mins read
in News

Georgy Kavzharadze, a 27-year-old Russian national, has been sentenced to 40 months in prison for selling login credentials for over 300,000 accounts on Slilpp, the largest marketplace for stolen logins before its seizure in June 2021. He was involved in this illegal activity from July 2016 to May 2021, listing more than 626,100 stolen login credentials for sale, which were linked to approximately $1.2 million in fraudulent transactions. Kavzharadze exclusively accepted Bitcoin as payment and was connected to over $200,000 in withdrawals from his profits on Slilpp.

On May 27, 2021, his account listed nearly 240,495 credentials that allowed buyers to access victims’ bank accounts across various states. Following the takedown of Slilpp, a collaborative effort involving multiple international law enforcement agencies, Kavzharadze was charged with multiple fraud-related offenses in August 2021. After being extradited to the U.S. and appearing in court in May 2022, he pleaded guilty in February 2024.

Slilpp operated for almost a decade, facilitating the sale and purchase of stolen credentials for banks, retailers, and online accounts. At the time of its seizure, vendors listed over 80 million stolen credentials from users of more than 1,400 companies, which included many high-profile organizations. The DOJ’s actions against Slilpp are part of a broader effort to dismantle platforms enabling cybercrime and protect consumers from identity theft.

Law enforcement continues to target similar operations, highlighting the ongoing battle against cybercriminals. Recent arrests and seizures have occurred in connection with other dark web markets, reflecting a coordinated global effort to combat online criminal activities. As authorities intensify their crackdown on cybercrime, more criminals may face serious legal consequences for their illicit activities.

Reference:

  • Russian Citizen Sentenced to 40 Months for Selling Stolen Financial Information on the Criminal Internet Marketplace Slilpp

Tags: August 2024Cyber NewsCyber News 2024Cyber threatsCybercrimeCybersecurityFinancial FraudGeorgy KavzharadzeRussian
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