US Court Sentences Russian Crypto Ransom Launderer to Probation and Fine

A Russian crypto entrepreneur, charged with laundering wealth from ransomware attacks, has been sentenced to probation and fined successful the U.S. aft pleading guilty. Founder of 2 coin trading platforms, Denis Dubnikov, was arrested successful the Netherlands and extradited to the U.S. past year.

Oregon Court Sentences Russian for Processing Ryuk Payments

A Russian nationalist accused of wealth laundering related to the organisation of ransomware has been sentenced to 3 years of probation successful the United States. Denis Dubnikov was arrested successful Amsterdam successful November 2021, and past extradited to the U.S. successful August 2022.

A national tribunal successful Oregon has besides ordered the 30-year-old crypto businessman to forfeit proceeds successful the magnitude of $2,000, representing a information of what helium made arsenic a effect of his transgression activity, and wage $10,100 successful transgression monetary penalties.



Initially, American prosecutors accused the Russian and his accomplices of laundering proceeds from Ryuk ransomware attacks connected individuals and organizations successful the U.S. and different countries betwixt astatine slightest August 2018 and August 2021.

Court documents present amusement that the proprietor of crypto exchanges Coyote Crypto and Eggchange has laundered lone a information of a Ryuk ransomware payment, noting that the “defendant was not progressive successful the underlying ransomware enactment and is pleaded guilty to a willful blindness theory.”

In July 2019, a U.S. institution paid 250 BTC (approx. $3.1 million) ransom pursuing a Ryuk attack. Dubnikov agreed to speech 35 BTC for astir $400,000 successful cash. The tribunal says helium did not cognize these were ransomware proceeds but besides “deliberately avoided learning the truth.”



Ryuk is simply a benignant of bundle that encrypts files connected the targeted organizations’ computers. First identified successful 2018, the ransomware has been utilized against assorted victims worldwide, including hospitals and healthcare providers successful the United States.

The tribunal condemnation takes into relationship the clip Dubnikov spent successful detention. He has been ordered to comply with supervision requirements, including regular reporting to the police, taking cause tests, and providing DNA samples astatine the petition of instrumentality enforcement authorities.

Do you expect much arrests and convictions related to Ryuk ransomware attacks? Share your thoughts connected the lawsuit successful the comments conception below.