Law enforcement agencies in the United States, Germany, the Netherlands, and Romania have taken down the stolen login credentials marketplace Slilpp, the U.S. Department of Justice announced on Thursday.
Active since 2012, the crime shop has been selling stolen credentials associated with a variety of online accounts, including banking, payment, and retail accounts, among others. Initially, Slilpp only offered credentials for PayPal and eBay accounts, but it has expanded greatly.
A seizure warrant affidavit unsealed this week reveals that credentials for more than 1,400 account providers could be found on the marketplace. The losses caused to victims exceed $200 million in the United States alone, but the full impact of the crime shop has yet to be determined.
The affidavit states that Slilpp enabled vendors to sell stolen login credentials and provided them with a payment mechanism to support such transactions.
Users could purchase login credentials and then use them to conduct unauthorized transactions from the associated accounts.
[Also read: Over 5 Billion Unique Credentials Offered on Cybercrime Marketplaces]
Working together with foreign law enforcement agencies, the Federal Bureau of Investigation identified servers that hosted the infrastructure supporting Slilpp’s operation, and seized servers and domain names “pursuant to domestic and international legal process.”
Over a dozen individuals were charged or arrested in connection with the marketplace.
“With today’s coordinated disruption of the Slilpp marketplace, the FBI and our international partners sent a clear message to those who, as alleged, would steal and traffic in stolen identities: we will not allow cyber threats to go unchecked,” said Acting U.S. Attorney Channing D. Phillips of the District of Columbia.
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