RaidForums, one of the largest hacker forums in the world, has been shut down
The illegal online marketplace “RaidForums” was taken offline following an undercover operation by Europol.
A forum administrator and two accomplices were arrested in the operation, police confirmed. Among these was a British citizen, according to the National Crime Agency (NCA), one of the agencies involved in the operation.
The 21-year-old suspect, from Croydon, is believed to be a site administrator.
Police believe the UK-based administrators were helping manage memberships and launder payments through separate companies.
At the time of the arrest, officers seized £5,000 cash, thousands of US dollars and froze crypto assets worth over half a million dollars.
An NCA spokesperson said: “RaidForums had become one of the largest online hacking forums where hacking tips and stolen data were frequently exchanged.
“Data from some of the most high-profile hacking incidents in recent years could be traced to the site and often the victims – real people, found themselves vulnerable to other crimes like fraud.
What is RaidForums?
Launched in 2015, RaidForums was widely regarded as one of the largest hacking forums in the world, with a community of over half a million users.
This marketplace was known to sell access to high-profile leaked databases belonging to companies around the world.
Some of these databases contained information on millions of credit cards, bank account numbers, and routing information, as well as associated usernames and passwords needed to access online accounts.
These datasets were often obtained from data breaches and other exploits performed by cybercriminals and hacker groups.
Double Tourniquet Operationthe police operation was led by Europol’s European Cybercrime Center and included law enforcement support from the UK, US, Sweden, Portugal and Romania.
During the operation, Europol revealed that the partners were working closely together through the Joint Cybercrime Task Force (J-CAT) housed at Europol to identify key targets and establish a strategy to prepare for the final phase of the investigation.
This close collaboration allowed investigators to define the different roles played by targets within the RaidForums marketplace, such as administrator, money launderers, data stealers/uploaders, and buyers.
Edvardas Šileris, Head of Europol’s European Cybercrime Centre, said: “Disruption has always been a key technique for operating against online threat actors, so targeting forums that host huge amounts of stolen data keeps criminals on their toes. Europol will continue to work with its international partners to make cybercrime harder – and riskier – to commit. »
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