The DOJ said that Russian nationals used the money they received from their Mt. Gox hack to launch the virtual asset marketplace BTC-E.
The U.S. Department of Justice has filed charges against two Russians, Alexey Bilyuchenko and Aleksandr Verner, for their alleged role in the laundering of 647,000 Bitcoin taken in 2011 during the Mt. Gox attack. On June 9, a statement announcing the charges was released.
The accused used their unlawful access to Mt. Gox systems, according to the DOJ, to transfer the stolen Bitcoin to wallets that they and their accomplices controlled. They were transacted illegally between 2011 and 2014.
For their alleged participation in running BTC-E, a cryptocurrency exchange that was closed down by authorities in 2017, Bilyuchenko and Alexander Vinnik are also charged. The exchange was charged with making it easier for crooks to keep, transfer, and launder their stolen money.
The accusations against Bilyuchenko, Verner, and Vinnik serve as a reminder of the ongoing efforts made by law enforcement organizations to stop cryptocurrency-related crimes and money laundering.
The accused founded “the notorious BTC-e virtual currency exchange, which laundered funds for cybercriminals worldwide,” according to Assistant Attorney General Kenneth A. Polite Jr. of the DOJ’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.”
The DOJ’s measures are intended to hold people accountable for their participation in criminal activity within the cryptocurrency ecosystem.
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