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2 Russian Citizens Behind 2011 Hack of Mt. Gox, US Alleges

June 9, 2023
in Crypto Updates
Reading Time: 2 mins read
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US
prosecutors have fingered two Russian nationals because the masterminds behind the 2011 hack of
Mt. Gox, the biggest Bitcoin (BTC) trade on the earth on the time. The
Division of Justice (DOJ) in an indictment unsealed on Friday, charged Alexey
Bilyuchenko, 43, and Aleksandr Verner, 29, with conspiracy to launder about 647,000
bitcoins following their hack of the
trade.

In accordance
to the prosecutors, Bilyuchenko and Verner stole the overwhelming majority of bitcoins
belonging to Mt. Gox clients between September 2011 and a minimum of Could 2014. This contributed to the eventual shut down
of the platform in February 2014.

The DOJ in
an announcement unsealed fees towards each Russian nationals in each New York
and California, following ongoing multi-agency investigation into the case.
That is even because the prosecutor accused Bilyuchenko of partnering with Alexander Vinnik to run
one other defunct Bulgaria-based cryptocurrency trade, BTC-e, with ‘ill-gotten
good points’ from his Mt. Gox hack.

BTC-e, in accordance
to the prosecutor, for years aided criminals the world over, ‘to launder
billions of {dollars}.’ These included laptop hackers, ransomware actors,
narcotics rings and corrupt public officers.

Maintain Studying

US
prosecutors have fingered two Russian nationals because the masterminds behind the 2011 hack of
Mt. Gox, the biggest Bitcoin (BTC) trade on the earth on the time. The
Division of Justice (DOJ) in an indictment unsealed on Friday, charged Alexey
Bilyuchenko, 43, and Aleksandr Verner, 29, with conspiracy to launder about 647,000
bitcoins following their hack of the
trade.

In accordance
to the prosecutors, Bilyuchenko and Verner stole the overwhelming majority of bitcoins
belonging to Mt. Gox clients between September 2011 and a minimum of Could 2014. This contributed to the eventual shut down
of the platform in February 2014.

The DOJ in
an announcement unsealed fees towards each Russian nationals in each New York
and California, following ongoing multi-agency investigation into the case.
That is even because the prosecutor accused Bilyuchenko of partnering with Alexander Vinnik to run
one other defunct Bulgaria-based cryptocurrency trade, BTC-e, with ‘ill-gotten
good points’ from his Mt. Gox hack.

BTC-e, in accordance
to the prosecutor, for years aided criminals the world over, ‘to launder
billions of {dollars}.’ These included laptop hackers, ransomware actors,
narcotics rings and corrupt public officers.

Maintain Studying

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Tags: AllegesCitizensGoxHackRussian
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