News

Mt. Gox Hackers Are Two Russian Nationals Stealing 647,000 Bitcoins

Key Points:

  • Two Russian nationals charged with hacking and laundering 647k bitcoins from Mt. Gox.
  • Allegedly operated another illicit cryptocurrency exchange and laundered stolen bitcoins.
Russian nationals charged with hacking and laundering 647,000 bitcoins from cryptocurrency exchange Mt. Gox and operating illicit exchange BTC-e. DOJ committed to bringing bad actors to justice. FBI, IRS-CI, and Homeland Security Investigations involved in investigating the case.

The United States Department of Justice recently unsealed charges against two Russian nationals for their alleged involvement in hacking and laundering approximately 647,000 bitcoins from the cryptocurrency exchange Mt. Gox. The indictment also alleges that the two individuals went on to operate another illicit cryptocurrency exchange called BTC-e. The charges highlight the Department of Justice’s commitment to bringing bad actors in the cryptocurrency ecosystem to justice and preventing financial system abuse.

According to court documents, the two individuals gained unauthorized access to the server holding the cryptocurrency wallets for Mt. Gox. They fraudulently caused bitcoin to be transferred to bitcoin addresses controlled by them and their co-conspirators.

They allegedly caused the theft of approximately 647,000 bitcoins from Mt. Gox between September 2011 and at least May 2014, representing the vast majority of the bitcoins belonging to Mt. Gox’s customers. They allegedly laundered the bulk of the bitcoins stolen through Mt. Gox principally through bitcoin addresses associated with accounts controlled at two other online bitcoin exchanges.

The indictment charges the two individuals with conspiracy to commit money laundering, and one of them is also charged with operating an unlicensed money services business. The Justice Department noted that the charges are an important milestone in two major cryptocurrency investigations.

The FBI, IRS-CI, and Homeland Security Investigations are among the agencies investigating the case, and the U.S. Attorney’s Offices for the Southern District of New York and the Northern District of California are handling the cases. The Justice Department’s Office of International Affairs has also assisted.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.

Recent Posts

PropiChain’s Token Presale Turns Heads as the First DeFi Platform to Merge NFTs with AI 

The hype around PropiChain’s token presale is due to its innovative integration of NFTs and…

2 hours ago

UK Pension Fund Cartwright Encourages 3% Allocation to Bitcoin Investment

UK pension fund Cartwright advised the country's first defined benefit pension fund to allocate 3%…

4 hours ago

Crypto PAC Fairshake Continues to Boost 2026 Election With Support from a16z

a16z and Coinbase have pledged substantial funds to crypto PAC Fairshake, aiming to support crypto-friendly…

5 hours ago

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

8 hours ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

11 hours ago

This website uses cookies.