May 18, 2023Ravi LakshmananCyber ​​Crime / Payment Security

An American has pleaded guilty in a Missouri court to operating a darknet card site and selling financial information to tens of thousands of victims across the country.

Michael D. Mihaloaka Dale Michael Michallo Jr. and ggmccloud1, have been accused of opening a card site called . sky net market A service dedicated to the buying and selling of credit and debit card data.

Michallo and his friends will also peddle the warez on other dark web marketplaces such as Alphabay Market, Wall Street Market and Hansa Market from February 22, 2016 to October 1, 2019. rice field.

“Mihalo formed and led a team to help sell this stolen financial information on the darknet,” US Department of Justice (DoJ) Said said in a press statement issued on May 16, 2023.

“Mihalo personally possessed, sent and received information related to the 49,084 stolen payment cards for the purpose of buying and selling payment card information on darknet sites, all for the purpose of furthering the conspiracy. .”

One of the defendants’ accomplices, Taylor Ross Startz, acted as a “card checker” to ensure that the financial information being sold was still valid and had not been canceled by each financial institution.

Staats is estimated to have earned at least $21,000 worth of bitcoin on these services. He pleaded guilty on December 14, 2022, to conspiracy to commit access device fraud for this role in the operation. He could face up to five years in prison.

Michallo, 40, from Illinois, has scraped more than $1 million worth of cryptocurrency from the scheme, the Department of Justice added.

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The defendants pleaded guilty to one count of conspiracy to access device fraud, which carries a maximum sentence of five years, as well as one count of access device fraud and six counts of money laundering, each of which carries a maximum sentence of 10 years. of jail time. He was also ordered to confiscate all illegal proceeds.

Earlier this month, US authorities also shut down the popular Russian platform Try2Check, which cybercriminals used to verify stolen credit card information.

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