A 27-year-old Russian national has been sentenced to more than three years in prison for trading financial information, login credentials and other personally identifiable information (PII) on a defunct dark web marketplace called Slizpp.
Giorgii Kauzharade, 27 years old, Moscow, Russia, pleaded guilty on one count of conspiracy to commit bank fraud and wire fraud in early February of this year. In addition to the 40-month prison term, Kaujarade is ordered to pay $1,233,521.47 in restitution.
The defendant, who used the online aliases TeRorPP, Torqovec and PlutuSS, is alleged to have put more than 626,100 stolen login credentials up for sale on Slilpp and sold more than 297,300 of them on the illegal market between July 2016 and May 2021 year.
“These powers were subsequently linked to $1.2 million in fraudulent transactions,” the US Department of Justice said. said.
“On May 27, 2021, 240,495 login credentials were put up for sale in Kaujarad’s account on Slilpp, allowing the buyer to use the information to steal money from the victim’s online payments and bank accounts.”
Kavzharade is believed to have made at least $200,000 in profits from selling the stolen credentials. In August 2021, he was charged with conspiracy to commit bank and wire fraud, bank fraud, access device fraud and aggravated identity theft. He was subsequently extradited to the United States to face charges.
Slilpp was one of the largest marketplaces specializing in the sale of login credentials until June 2021, when its infrastructure was dismantled as part of an international law enforcement operation involving US, German, Dutch and Romanian authorities.
It has been in business since 2012, selling more than 80 million login credentials from more than 1,400 companies.
