Dark web marketplaces are on the radar of government agencies. Cardplanet, a market for stolen payment card details, is now shut down. The operator of Cardplanet pleaded guilty in a US Federal Court.
The end of Cardplanet
Various darknet marketplaces exist today. Not all of these markets deal in stolen goods or information. In the case of Cardplanet, it is an illegal underground market through and through. By actively selling stolen payment card information, its operator was bound to be arrested.
Aleksei Burkov is the individual responsible for running this market. Not only did he run the platform, he also sold the stolen payment card data accordingly. Several other vendors were active on this marketplace as well. It did not take long for Cardplanet to become a big success.
Burkov also operates another website for elite cybercriminals. On this platform, notorious hackers can advertise stolen goods, including malware and stolen personal details. It was very popular among the Russian cybercrime crowd. That platform is no longer accessible, as it is shut down by government agencies.
The goods sold through Cardplanet also affected consumers in the US. It is believed that over $20 million worth of fraudulent purchases have been made. Because of this approach, the United States government has taken a keen interest in Burkov.
Following his arrest in late 2016, Burkov was eventually extradited to the US in November 2019. Earlier today, he pleaded guilty to multiple charges. Those charges include access device fraud, identity theft, wire fraud, money laundering, and several others.
The final sentencing will be handed down on May 8, 2020. Currently, Burkov faces up to 15 years in prison. None of the other vendors have been indicted at this time. However, it is likely to assume that these investigations are still pending at this time.
Government agencies have begun cracking down hard on darknet users, both vendors and buyers alike. That trend will likely continue for the foreseeable future.