US Hits Two Russians With Criminal Charges Over Mt. Gox Bitcoin Hack - Decrypt


09 Jun 2023 4:37 PM

The United States Department of Justice charged the men over the Mt. Gox attack, with one also charged over the shuttered BTC-e exchange....

  • The US Department of Justice charged two Russian men, Alexey Bilyuchenko and Aleksandr Verner, with conspiring to steal approximately 647,000 Bitcoin from the collapsed Bitcoin exchange Mt. Gox between 2011 and 2014.
  • The stolen Bitcoin represented the vast majority of the Bitcoin belonging to Mt. Gox's customers.
  • Mt. Gox was a Japanese Bitcoin exchange that was forced to shut down in 2014 after a crippling hack that saw criminals steal 850,000 Bitcoin, worth $22.6 billion today.
  • Bilyuchenko was also charged with allegedly conspiring with another Russian, Alexander Vinnik, to operate BTC-e, a crypto exchange shut down by the FBI in 2017 for allegedly laundering funds for international criminals.
  • BTC-e operated in the United States from 2011 to 2017 and handled an estimated $9 billion in Bitcoin transactions during that time.

The article has a negative sentiment as it reports on criminal acts related to the hack of Mt. Gox and the involvement of the two Russian men in money laundering.

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You May Ask

Who were charged by the US Department of Justice related to the hack of Mt. Gox?How much Bitcoin was stolen from Mt. Gox?What was BTC-e and why was it shut down by the FBI?What was the rehabilitation proposal approved by creditors in 2021 for affected customers of Mt. Gox?What charges were brought against Bilyuchenko and Verner by the DOJ?

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