Russian Georgy Kavzharadze Sentenced to 40 Months for Trafficking Stolen Login Credentials on Slilpp, Causing $1.2M in Damages

Georgy Kavzharadze, a 27-year-old Russian, has been sentenced to 40 months in prison for his role in trafficking stolen login credentials on Slilpp, a major illicit marketplace. Kavzharadze, who operated under several aliases including TeRorPP and PlutuSS, sold login details for over 300,000 accounts.

His activities, spanning from July 2016 to May 2021, resulted in significant financial damage, with fraudulent transactions linked to the stolen credentials amounting to around $1.2 million.

The U.S. Department of Justice reported that Kavzharadze’s Slilpp account was used to sell credentials for bank and online payment accounts, with the information being sold exclusively for Bitcoin.

By May 27, 2021, his account alone listed nearly 240,500 credentials. This extensive listing underscores the scale of his illegal operation and its potential to inflict financial harm on victims across various states, including New York and California.

Russian Georgy Kavzharadze sentenced to 40 months for trafficking stolen login credentials on Slilpp, causing $1.2 million in damages.
Russian Georgy Kavzharadze sentenced to 40 months for trafficking stolen login credentials on Slilpp, causing $1.2 million in damages.

Court documents indicate that Kavzharadze was linked to over $200,000 in Bitcoin withdrawals connected to his Slilpp activities. Following charges including conspiracy to commit bank and wire fraud and aggravated identity theft, he was extradited to the U.S. and faced legal proceedings starting in May 2022. On February 16, 2024, Kavzharadze admitted guilt to his involvement in selling stolen credentials and fraud.

Slilpp, operational since 2012, was a central hub for trading stolen login credentials until its seizure on June 10, 2021. The takedown was the result of a coordinated international effort involving U.S. and European law enforcement agencies, who seized the infrastructure supporting Slilpp. At its peak, Slilpp listed over 80 million stolen credentials from more than 1,400 companies, illustrating its extensive reach and impact on cybercrime.

The closure of Slilpp is part of a broader crackdown on dark web criminal activities. Recent law enforcement actions have targeted other cybercriminal enterprises, such as the Incognito dark web drug market and the Genesis stolen credentials market.

Significant operations, including one in December that led to 3,500 arrests and the seizure of over $300 million, highlight ongoing efforts to combat cybercrime and the illicit use of online platforms.

Michael Manua
Michael Manua
Michael, a seasoned market news expert with 29 years of experience, offers unparalleled insights into financial markets. At 61, he has a track record of providing accurate, impactful analyses, making him a trusted voice in financial journalism.
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