STATE ACTORS: RUSSIAN Nationals Charged with Crypto Hack and Scam

STATE ACTORS: RUSSIAN Nationals Charged with Crypto Hack and Scam

Syndicated By: Iain Fraser - Cybersecurity Journalist Gibraltar

The US DOJ (Justice Department) has confirmed charges related to the 2011 hack of the cryptocurrency exchange Mt. Gox & the operation of the illicit cryptocurrency exchange BTC-e.

According to court documents, Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, both Russian nationals, are charged with conspiring to launder approximately 647,000 bitcoins from their hack of Mt. Gox. Bilyuchenko is also charged with conspiring with Alexander Vinnik to operate BTC-e from 2011 to 2017.

“This announcement marks an important milestone in two major cryptocurrency investigations. As alleged in the indictments, starting in 2011, Bilyuchenko and Verner stole a massive amount of cryptocurrency from Mt. Gox, contributing to the exchange’s ultimate insolvency. Armed with the ill-gotten gains from Mt. Gox, Bilyuchenko allegedly went on to help set up the notorious BTC-e virtual currency exchange, which laundered funds for cyber criminals worldwide,” said Assistant Attorney General Kenneth A. Polite, Jr. of the Justice Department’s Criminal Division. “These indictments highlight the department’s unwavering commitment to bring to justice bad actors in the cryptocurrency ecosystem and prevent the abuse of the financial system.” Learn More /...

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