{"id":20159,"date":"2023-04-24T04:44:43","date_gmt":"2023-04-24T04:44:43","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/us-court-sentences-russian-crypto-ransom-launderer-to-probation-and-fine-bitcoin-news\/"},"modified":"2023-04-24T04:44:43","modified_gmt":"2023-04-24T04:44:43","slug":"us-court-sentences-russian-crypto-ransom-launderer-to-probation-and-fine-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/us-court-sentences-russian-crypto-ransom-launderer-to-probation-and-fine-bitcoin-news\/","title":{"rendered":"US Court Sentences Russian Crypto Ransom Launderer to Probation and Fine \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
\n<\/p>\n

\n
\n<\/header>\n
\n\n<\/div>\n

A Russian crypto entrepreneur, charged with laundering money from ransomware attacks, has been sentenced to probation and fined in the U.S. after pleading guilty. Founder of two coin trading platforms, Denis Dubnikov, was arrested in the Netherlands and extradited to the U.S. last year.<\/strong><\/p>\n

Oregon Court Sentences Russian for Processing Ryuk Payments<\/h2>\n

A Russian national accused of money laundering related to the distribution of ransomware has been sentenced to three years of probation in the United States. Denis Dubnikov was arrested<\/a> in Amsterdam in November 2021, and then extradited<\/a> to the U.S. in August 2022.<\/p>\n

A federal court in Oregon has also ordered the 30-year-old crypto businessman to forfeit proceeds in the amount of $2,000, representing a portion of what he made as a result of his criminal activity, and pay $10,100 in criminal monetary penalties.<\/p>\n

\"US
Denis Dubnikov. Source: Bits.media<\/figcaption><\/figure>\n

Initially, American prosecutors accused the Russian and his accomplices of laundering proceeds from Ryuk ransomware attacks on individuals and organizations in the U.S. and other countries between at least August 2018 and August 2021.<\/p>\n

Court documents<\/a> now show that the owner of crypto exchanges Coyote Crypto and Eggchange has laundered only a portion of a Ryuk ransomware payment, noting that the \u201cdefendant was not involved in the underlying ransomware activity and is pleaded guilty<\/a> to a willful blindness theory.\u201d<\/p>\n

In July 2019, a U.S. company paid 250 BTC<\/a> (approx. $3.1 million) ransom following a Ryuk attack. Dubnikov agreed to exchange 35 BTC<\/a> for approximately $400,000 in cash. The court says he did not know these were ransomware proceeds but also \u201cdeliberately avoided learning the truth.\u201d<\/p>\n

Ryuk is a type of software that encrypts files on the targeted organizations\u2019 computers. First identified in 2018, the ransomware has been used against various victims worldwide, including hospitals and healthcare providers in the United States.<\/p>\n

The court sentence takes into account the time Dubnikov spent in detention. He has been ordered to comply with supervision requirements, including regular reporting to the police, taking drug tests, and providing DNA samples at the request of law enforcement authorities.<\/p>\n

\n
\nTags in this story
\n<\/h6>\n
Charges<\/a>, Coyote Crypto<\/a>, Crypto<\/a>, crypto exchanges<\/a>, Cryptocurrencies<\/a>, Cryptocurrency<\/a>, Denis Dubnikov<\/a>, Dubnikov<\/a>, Eggchange<\/a>, Fine<\/a>, Money Laundering<\/a>, Payments<\/a>, probation<\/a>, ransom<\/a>, ransomware<\/a>, russian<\/a>, Ryuk<\/a>, sentence<\/a>, US<\/a><\/div>\n<\/div>\n

Do you expect more arrests and convictions related to Ryuk ransomware attacks? Share your thoughts on the case in the comments section below. <\/strong><\/em><\/p>\n

\n
\n\n<\/div>\n
\n
\nLubomir Tassev <\/h6>\n

\nLubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens\u2019s quote: \u201cBeing a writer is what I am, rather than what I do.\u201d Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

\n
\n
\n<\/a>
\n<\/span>\n<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

\n

Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

\n