Feds Bust Online Fraud Tool Bazaar, Linked to Half Billion in Damage From Users

Chris Gaetano
Published Date:
Feb 8, 2018

The Department of Justice indicted dozens of administrators, moderators and sellers connected with the online forum Infraud, which acted as a one-stop shop for buyers and sellers of every cybercrime cliche out there, according to Wired. The site provided a place where people buy and sell stolen personal information like Social Security numbers, as well as malware tools, money laundering services, counterfeiting software and more. The site had been able to operate with impunity for years, as it was located in a server outside U.S. jurisdiction, likely Russia, as the site banned all buying and selling of contraband with Russian victims. This, according to Wired, made it unlikely that Russian authorities would investigate them. 

The members of this forum are estimated to be directly responsible for about a half a billion dollars worth of cybercrime damages. While authorities would not say precisely how they took the site down, they did say the arrests cap off a years-long investigation into individual members. However many of the site's users remain at large, including its initial creator, Svyatoslav Bondarenko from Ukraine. 

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