Huo Xing Cai Jing reports, according to CryptoSlate, Microsoft and the cybersecurity organization Health-ISAC have obtained a U.S. court order to seize and redirect domains supporting the services YAM Store, CoGUI, and Iron Man. These services sell stolen accounts and phishing tools to fraudsters. Since January of this year, they have facilitated the sending of over one billion phishing messages targeting more than 75,000 organizations across 150 countries, generating tens of millions of dollars in revenue for operators. Microsoft has deactivated over 20,000 accounts associated with YAM Store and continues to block more than 100,000 counterfeit and fraudulent domains. According to Microsoft’s investigation, these services accept payments in USDT (on the Tron network) and ETH, and Cloudflare stated that buyers can also use USDC. The blockchain analysis firm TRM Labs assisted investigators in locating and freezing related assets, though the amount frozen has not been disclosed.
Microsoft and Partners Take Down Phishing Network Accepting USDT Payments
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Summary
Microsoft and partners dismantled a phishing network accepting USDT payments, as part of ongoing cryptocurrency news developments. The group, including Health-ISAC, obtained a U.S. court order to seize domains associated with YAM Store, CoGUI, and Iron Man. These services sold stolen accounts and phishing tools, sending over one billion messages to 75,000 institutions across more than 150 countries. Microsoft has shut down 20,000 accounts and blocks 100,000 fraudulent domains daily. Payments were made in USDT (Tron), ETH, and USDC. TRM Labs assisted in freezing assets, though the amount remains undisclosed. The coordinated enforcement action underscores global efforts to combat cybercrime.
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