A Russian nationwide suspected of laundering ransomware funds in cryptocurrency on behalf of cybercriminals focusing on hospitals has been extradited to the U.S. by the Netherlands. The individual was allegedly concerned inside the felony exercise for a quantity of three years earlier than his arrest within the nationwide capital final Nov.
Alleged Russian Cash Launderer Handed Over to U.S. Custody by Dutch Authorities
Denis Dubnikov, a 29-year-old Russian topic, has been extradited within the week from Netherlands to the U.S., wherever he’s to face costs of money lavation inside the District of American state, the U.S. Legal professional’s office in Portland and due to this fact the U.S. Division of Justice (DOJ) declared.
Dubnikov created his preliminary look in courtroom on weekday and a five-day jury trial has been common to start out on October. 4. In August, a federal jury in Portland charged him for his function in a world crypto hiding conspiracy.
In response to the indictment, the Russian and his accomplices have wittingly and advisedly laundered the yield of ransomware assaults on folks and organizations, all through the us and in different nations, between a minimal of August 2018 and August 2021.
The perpetrators particularly laundered ransom funds extracted from victims of Ryuk ransomware assaults. 1st identified 4 years agone, Ryuk may very well be quite a lot of code that encrypts recordsdata and makes an try to delete system backups, that has been coupled to a Russian ransomware cluster. Hospitals and help suppliers inside the U.S. turned its victims inside the wake of the Covid-19 pandemic.
In July 2019, Dubnikov allegedly laundered fairly $400,000 in Ryuk ransom yield, the Justice Division aforesaid in an exceedingly assertion. These involved inside the conspiracy laundered a minimal of $70 million in whole. If convicted, the Russian might get a most sentence of 29 in jail.
Denis Dubnikov was detained in nationwide capital on November. 1, 2021. chatting with Russian media on the time, his lawyer Arkady Bukh alleged that he was “virtually kidnapped” by U.S. enforcement in United Mexican States earlier than being transferred to Europe.
The co-founder of the coin mercantilism platforms Coyote Crypto and Eggchange was 1st management on the aerodrome in nationwide capital, wherever he arrived on trip, and so positioned on a flight to Holland wherever he was inactive by Dutch authorities.
Dubnikov’s give up follows the identical improvement inside the case of Alexander Vinnik, the alleged operator of the ill-famed cryptocurrency change BTC-e. Vinnik was appreciated inside the summer time of 2017 inside the Greek city of Salonica wherever he arrived on a summer time trip collectively together with his household. He was inactive on a warrant from the U.S. that accuses him of lavation a minimal of $4 billion by way of the now-defunct crypto mercantilism platform.
The Russian IT specialist was 1st bimanual over to the French judiciary that sentenced him to five years in jail for hiding. when he served his time period in France, Vinnik was got here to Greece and extradited to the U.S. The hasty switch livid his legal professionals who suppose he can turn out to be a “hostage” of the current political tensions encompassing the conflict in land. In the meantime, Moscow suspect Washington of conducting a “actual probe for Russian voters.”
The put up Russian Suspect of Laundering Cryptocurrency From Ransomware Assaults Extradited to US first appeared on BTC Wires.