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Russian Duo Charged in Historic Mt. Gox Hack and BTC-e Money Laundering Operation

US DoJ | Release | Jun 9, 2023

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Russian nationals Alexey Bilyuchenko and Aleksandr Verner have been charged by the US Justice Department for hacking Mt. Gox, a prominent cryptocurrency exchange, and stealing 647,000 bitcoins, as well as illicitly operating the BTC-e exchange for money laundering.

  • Russian Nationals Charged in Mt. Gox Hack:
    • Alexey Bilyuchenko and Aleksandr Verner, both Russian nationals, face charges linked to the 2011 hacking of the prominent cryptocurrency exchange, Mt. Gox, and illicit operation of another cryptocurrency exchange, BTC-e.
    • The charges were unveiled by the US Justice Department, marking a significant stride in two major cryptocurrency investigations.
    • The duo is accused of stealing a substantial amount of cryptocurrency - approximately 647,000 bitcoins - from Mt. Gox, which played a critical role in the exchange's insolvency. They allegedly laundered the majority of the stolen bitcoins through accounts controlled at two other online bitcoin exchanges.

See:  Do Industry Operators, Researchers, and Regulators Agree On How Big Crypto Crime Is?

  • BTC-e Illicit Operation:
    • Bilyuchenko is also implicated in running the notorious BTC-e virtual currency exchange from 2011 to 2017 with Alexander Vinnik. BTC-e served as a laundering hub for cyber criminals globally, facilitating the movement, laundering, and storage of illegal proceeds from various cyber crimes.

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