UniCC, one of the biggest underground carding marketplaces announced it is shutting down. The site was launched in 2013 and about $358 in purchases were made through the platform.
Hundreds of millions of payment card details have been stolen from online retailers, banks and payments companies before being sold for cryptocurrency on online marketplaces such as UniCC.These stolen cards have value because they can be used to purchase high-value items or gift cards, which can then be resold for cash. This process is known as “carding”, and it has become a key part of the cybercriminal’s playbook.
UniCC reached a 30% market share after the takedown of the popular carding platform Joker’s Stash in January.
The news of the shutdown was announced by the UniCC administrators on underground carding sites in both English and Russian, they are giving 10 days to their members to spend their balances.
Don’t build any conspiracy theories about us leaving, it is (a) weighted decision, we are not young and our health do not allow to work like this any longer.We ask you to be smart and not follow any fakes tied to our comeback and other things.
After the shutdown of the UniCC marketplace other carding platforms will attempt to fill the gap in a market that overall surpassed more than $1.4 billion in sales with Bitcoin alone. The operators behind UniCC will be seeking to cash out their millionair profits.
Other underground marketplaces appear to be hanging up the towel in recent times. The White House Market announced it was shutting down in October; and by November, Cannazon went dark. In December it was Torrez’ turn. By early January, Monopoly Market was unexpectedly inaccessible, the report added.