Russian Crypto Traders Offered Exchange Accounts On Dark Web By CoinEdition

• Russian residents are being sold ready-to-use exchange accounts on the dark web.
• There were 400 new advertisements for ready-made, verified wallets on various exchanges in December.
• Basic login information such as a username and password cost around $50.

Russian crypto traders have been attempting to obtain unfettered accounts for international exchanges, due to their limited access to such Crypto exchange platforms. According to cybersecurity specialists quoted in Russian media, Russian citizens are increasingly being sold ready-to-use Bitcoin exchange accounts.

Although this is not a new phenomenon, fraudsters, and money launderers frequently use these accounts. Moreover, the current increase in demand has been attributed to the trading platforms’ restrictions on users from Russia as a result of their adherence to sanctions related to the war in Ukraine.

Despite the risks, including the chance that whoever created the accounts could retain access after the sale, Russian citizens have been purchasing these accounts, reported the Kommersant. However, they are affordable, and since early 2022, the number of offers on darknet markets has increased by a factor of two, according to Nikolay Chursin of Positive Technologies’ information security threat analysis group.

An analyst at Kaspersky Digital Footprint Intelligence named Peter Mareichev claim …

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