Russian Extradited to the US for Laundering $400K in Crypto

~2 min read | Published on 2022-08-18, tagged ExtraditedMoney-LaunderingRansomware using 362 words.

A Russian citizen was extradited from the Netherlands to the United States to face charges for allegedly laundering $400,000 in cryptocurrency.
According to an announcement from the Department of Justice, Denis Mihaqlovic Dubnikov, 29, appeared in court in Portland, Oregon, on August 17 after being extradited from the Netherlands to the United States. Dubnikov faces charges for his alleged role in the laundering of money earned through the use of ransomware. Specifically, the defendant and his co-conspirators laundered payments from victims of the Ryuk ransomware.

Ryuk 'polite' ransom note | Malwarebytes



“First identified in August 2018, Ryuk is a type of ransomware software that, when executed on a computer or network, encrypts files and attempts to delete any system backups. Of note, Ryuk can target storage drives contained within or physically connected to a computer, including those accessible remotely via a network connection. Ryuk has been used to target thousands of victims worldwide across various sectors. In October 2020, law enforcement officials identified Ryuk as an imminent and increasing cybercrime threat to hospitals and healthcare providers in the United States.”

In July 2019, Dubnikov allegedly laundered over $400,000 in ransomware payments. Collectively, his co-conspirators laundered more than $70 million in ransom proceeds.
Although those involved in the conspiracy used different money laundering methods to avoid detection, funds were often laundered as follows. Victims would pay ransoms in Bitcoin to private wallets controlled by Dubnikov and his co-conspirators. Defendants then split the payments into smaller amounts and moved Bitcoin to numerous private wallets.

They also laundered the proceeds in ways we cannot know apparently.



Then, the defendants transferred the Bitcoin to an exchange and swapped the Bitcoin for Tether or another cryptocurrency. After turning the Bitcoin into Tether, defendants would send the Tether (or other cryptocurrencies) to different exchanges where they would sell the Tether for fiat currency. They typically traded the Tether for the Chinese Renminbi and moved the fiat to accounts at banks outside of the United States.
In court, Dubnikov pleaded not guilty. A jury trial has been scheduled for October 4, 2022. If convicted, Dubnikov faces up to 20 years in federal prison.

Alleged Russian Money Launderer Extradited from the Netherlands to U.S. | , archive.is, archive.org
Indictment pdf

Comments (12)


HUHNKEY2022-08-19
4446ebb0

hol up.... HOLD UP PROTONMAIL???!?!? TUTANOTE?!?!?!? DID DEEZ DUMBASSES THINK THEY WAS ANONYMOUS IN DEM SHIT EMAILS LMAO WHITE PEOPLE SO FUKIN STOOPID SMH NO WONDER THEY AINT MAKE ANY PYRAMIDS

Rockstar2022-08-19
4cee03d0

***Well actually the slaves built the pyramids and the white man has had plenty of those, just chose to put the pyramid on the dollar bill instead of piling up a bunch of rocks.***

wjreryufs2022-08-21
34c7b010

Hmm not to get smart but white man built the computer you are using dumb ass. If it were left up to your ppl we would all be still living on the land getting eaten by lions.

National Sec2022-08-19
34c68d40

The major lesson here comrades is that if you are a Russian criminal, do not ever leave Russia or the US government will be waiting for you on the runway when you land. This has happened so many times while Boby Snowden is living happily ever after in Russia, wanted by the US for espionage of information you can’t so easily put a 400K price tag on. Kind of like those boxes they hauled out of Trumps basement, US money is nothing without US national security…

DNL2022-08-19
e720d0e0

This is the real lesson. You will never have to see the inside of a US prison cell if you remain in Russia or the other countries that are no US proxies. Does not seem that complicated

fatassthomas2022-08-19
55c3bc20

So they did crypto laundering... without monero? i dont get it, was this some type of plan they going after or were they really that fucking stupid

alias2022-08-22
caed3700

the money here isnt laundered lol, theres no legit explenation of where the money came from, they just sold their bitcoins for some others, cashed out and dumped it cash on their bank accounts lots of idiots like these

ROBSHAM2023-08-25
3b8cd055

Shit Oxbow Carbon Say no one can hack there system and they don't pay ransom. hell they got a huge illegal bit coin mining operation right at the front gate.

everything15872023-09-20
e38aac17

I don't understand why I don't use monero to do this, I'm thinking about doing an exchange and I'm still not convinced with cryptocurrencies, I'll probably do it in cash

kamesin2022-08-19
5b657ac0

lol caf33309 got fucking destroyed worse than archetyp

DNL2022-08-19
2921d8a0

Yeah it is apparently "illegal" to "launder money" obtained through so-called "ransomware." It is so over.

Hahaha2022-08-19
63423ad0

dnl with the jokes hahaha