A man accused of stealing bitcoin from darknet marketplace accounts after tricking users to reveal their credentials via a phishing scheme has been arrested and sees multiple marches.
Michael Richo, a 34-year-old from Wallingford, Connecticut was arrested yesterday by the FBI following a criminal complaint against him.
The complaint alleges that Richo devised an online phishing scheme to steal bitcoins from several individuals on the dark web, according to a notice by Department of Justice (DOJ).
Richo’s phishing scheme saw at least 10,000 stolen usernames and passwords saved on his computer, the complaint alleges.
Lucrative Phishing Hole
Targeting an ecosystem that sees Bitcoin as its primary currency, Richo allegedly posted fake phishing links within online marketplaces on dark web forums. As any good phishing scheme, the links redirected unfortunate individuals to a fake URL and a legit-enough login page, where users entered their credentials. This information was then accessible by RIcho, who was able to access the victims’ marketplace accounts with their stolen credentials.
According to the complaint, Richo then monitored the balances of accounts he compromised, before withdrawing any bitcoins deposited by the targeted