Russian Charges Guilty in US With Crypto Laundering Ransomware Prosecution

A money launderer from Russia has pleaded guilty to money-laundering conspiracy in the United States. Speaking of, Denis Dubnikov, now 30 years old, was arrested in Amsterdam on November 2, 2021, and handed over by the Dutch authorities on August 16, 2022, and presented by the federal court for the first time the next day. to be done. According to court documents by the US Attorney’s Office, District of Oregon, the Russians and their accomplices defrauded individuals in the US and other countries and the proceeds of the Ryuk ransomware attack between at least August 2018 and August 2021 and determined the source and ownership of digital funds. Various types of financial transactions have been aired to hide this. Specifically, from July 2019, a United States-based company paid a 250 bitcoin Ryuk ransom following the attack, according to a plan published on Tuesday, and on July 11, 2019. Dubnikov in Moscow, Russia co- Accepted 35 bitcoins from the conspirator in exchange for approximately $400,000. The crypto currency came directly from the ransom paid by the companies. Dubnikov converted the bitcoins to Tether and sent them to another person who eventually exchanged them for Chinese yuan. Dubnikov’s co-conspiratorial actions laundered more bitcoin and he was compensated for his role.
Denis Dubnikov will be sentenced on April 11, 2023. US judicial authorities further stated that conspiracy to commit money laundering carries a sentence of up to 20 years in federal prison with three years of supervised release and a $500,000 fine.
Ryuk is a type of software that encrypts files on a targeted organization’s computer and was first identified in 2018. In particular, ransomware has been used against a wide variety of victims, including hospitals and healthcare providers around the world and in the United States. According to a recent report by blockchain forensics Farm Chainalysis, the attacks have certainly seen a clear reduction in revenue and have been assessed to reduce it.


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