Denis Mihaqlovic Dubnikov who is an alleged crypto money launderer has been extradited to the United States from the Netherlands to face charges in the District of Oregon. The US Department of Justice (DOJ) said Denis was was charged by a federal grand jury in Portland for his role in an international crypto money laundering scheme last August.


The official press release stated that the 29-year-old Russian citizen and his accomplices had total knowledge about laundering the proceeds of ransomware attacks that were carried out on individuals and companies in the United States and abroad. Denis and his accomplices were accused of laundering ransoms extracted from Victims of Ryuk ransomware attacks. This is a ransomware version largely connected to the WIZARD SPIDER hacker group.


So far the Ryuk ransomware is speculated to have compromised top government, academia, manufacturing, health and tech companies. The Department of Justice has stated that all parties involved in the attacks including Ryuk, Dubnikov, his accomplices, and others made several financial transactions after collecting the ransom payments.


Some of the transactions were international transactions and were made to hide true information on the nature, location, source and ownership and control of the ransom funds. While Denis is believed to have laundered over $400,000 in Ryuk ransom personally in July 2019, other parties involved in the scheme had laundered at least $70 million till date.


Denis was arrested last November in Amsterdam and first appeared in federal court in the District of Oregon on 17 the August . If convicted, he is facing up to 20 years maximum in federal prison, three years of supervised release and a $500,000 penalty in addition to the jail term.


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