The U.S. Department of Justice charged Russian nationals Alexey Bilyuchenko and Aleksandr Verner with the 2014 Mt. Gox hack, at the time one of the biggest thefts in crypto history.
The DOJ alleged that Bilyuchenko was also an operator of defunct crypto exchange BTC-e, alongside Alexander Vinnick who was previously charged with operating BTC-e.
Both face charges of conspiracy to commit money laundering, while Bilyuchenko also faces a charge of operating an unlicensed money services business. The DOJ's Southern District of New York and Northern District of California offices both brought cases tied to the Mt. Gox hack.
In a statement, DOJ Assistant Attorney Kenneth Polite said called the unsealing an important milestone.
"As alleged in the indictments, starting in 2011, Bilyuchenko and Verner stole a massive amount of cryptocurrency from Mt. Gox, contributing to the exchange’s ultimate insolvency," he said. "Armed with the ill-gotten gains from Mt. Gox, Bilyuchenko allegedly went on to help set up the notorious BTC-e virtual currency exchange, which laundered funds for cyber criminals worldwide."
The DOJ also alleged that Bilyuchenko, Verner and other unnamed co-conspirators used an unnamed New York-based bitcoin brokerage service to launder funds, ultimately moving over $6.6 million into "overseas bank accounts."
The brokerage helped launder over 300,000 BTC, the DOJ alleged.
The documents further alleged that the defendants sent the funds to both BTC-e and TradeHill, another defunct exchange.
Jack Schickler and Anna Baydakova contributed reporting.
UPDATE (June 9, 2023, 15:25 UTC): Adds additional detail, corrects that the hack is commonly referred to as the 2014 hack based on the date it was discovered.
UPDATE (June 9, 15:35 UTC): Adds context around Mt. Gox hack.
UPDATE (June 9, 15:55 UTC): Adds additional details from the documents.
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