Russian Duo Charged for Hacking Mt. Gox
The DoJ announced in a release the unsealing of an indictment that charges 43-year-old Alexey Bilyuchenko and 29-year-old Aleksandr Verner with laundering 647,000 bitcoins they stole from Mt. Gox users.
According to the one-count indictment filed in December 2019, the duo and their accomplices hacked into Mt. Gox's servers in September 2011. Between 2011 and May 2014, the defendants transferred a total of approximately 647,000 bitcoins from Mt. Gox's wallets to Bitcoin addresses under their control.
The defendants and their accomplices moved 530,000 of the bitcoin to their accounts at the now-defunct crypto exchanges, BTC-e and Trade Hill. They also used another wallet at Mt. Gox.
In April 2012, the defendants got into a fraudulent advertising contract with an undisclosed New York-based Bitcoin broker. By April 2013, the broker had allegedly transferred a total of over $6.6 million to overseas accounts controlled by the defendants. In return, the broker received bitcoin from the defendants on BTC-e.
In addition to hacking Mt. Gox, Bilyuchenko was charged with running BTC-e in a separate indictment. The two-count indictment accuses Bilyuchenko of collaborating with Alexander Vinnik and others in the operation of BTC-e. Vinnik was extradited to the US from Greece to face charges in connection to his role in the operation of BTC-e.
The indictment claims that from its establishment in 2011 to its shutdown in 2017, BTC-e was used to launder the proceeds of various criminal activities including hacking and drug trafficking. BTC-e was preferred because it did not enforce KYC measures.
One of the biggest money laundering schemes conducted through BTC-e was the movement of 300,000 bitcoin stolen from Mt.Gox. The bitcoins were moved through three separate accounts on BTC-e.
Verner faces a charge of conspiracy to commit money laundering. Bilyuchenko is charged with money laundering conspiracy and operation of an unlicensed money-transmitting business. The whereabouts of the two defendants are unknown.
Comments (15)
36873963896382023-06-126f68a218
dnl if I may ask here about cryptostorm vpn if it is any good since it has onion link? does it offer anything better than mullvad vpn for instance? I just posted it here cuz they are on tor
Reporter2023-07-114e49e163
> The whereabouts of the two defendants are unknown. 1. Verner was stolen by US. 2. Bilyuchenko arrested in Russia, in April 2023 his case launched in court. > the duo and their accomplices hacked into Mt. Gox's servers in September 2011 Verner is financier, Bilyuchenko worked as admin in shop. Both have nothing with hacking. They organized own cryptocurrency exchange by proposal of Verner. It not required any information except e-mail, that why was popular among misc guys from darknet. That's all. When both had rest in Greece, U.S stole and arrested Verner, with him gone most money from exchange (looks like somebody bought for self new house in CA). Bilyuchenko at that time had rest not in Greece itself, but on Crete island, that why he ran away. After US stole that money, he left without any income (while he had a lot of loans already), so he rapidly founded new exchange from which stole money. For that he was arrested in Russia.
sheeeit2023-06-115e14b225
How to lose 17 billion dollars