A Russian national was sentenced to three years and four months in prison in the US for selling stolen financial, login, and personal information on the online cybercrime marketplace Slilpp.
The man, Georgy Kavzharadze, 27, of Moscow, Russia, also known as George, TeRorPP, Torqovec, and PlutuSS, pleaded guilty in February 2024 to bank fraud and wire fraud conspiracy.
According to documents presented in court, between July 2016 and May 2021, Kavzharadze listed over 626,000 stolen login credentials on Slilpp, and sold over 297,000 of them. The sold credentials were linked to fraudulent transactions of more than $1.2 million.
On May 27, 2021, Kavzharadze listed more than 240,000 login credentials in his Slilpp account, including credentials for banks in New York, California, Nevada, and Georgia, claiming that buyers would be able to use them to steal money from the victim’s online bank and payment accounts.
Kavzharadze, who accepted Bitcoin as payment from the buyers, is estimated to have made over $200,000 in profits from selling the stolen credentials on Slilpp.
The illegal marketplace, which had been active since 2012, was disrupted in June 2021, when authorities gained access to its database that contained detailed information about vendors, customers, and transactions, including payment information.
“The database accurately reflected known Slilpp transactions and subscriber records, including FBI undercover purchases,” the US Department of Justice notes.
In June 2021, authorities announced that over a dozen individuals associated with the cybercrime marketplace were charged or arrested.
Kavzharadze was charged in August 2021 with bank fraud and wire fraud conspiracy, bank fraud, and aggravated identity theft. Subsequently, he was extradited to the US and has been detained since.
In addition to being sentenced to 40 months in prison, Kavzharadze was ordered to pay over $1.2 million in restitution.
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