Posted on 06/10/2023 10:27:51 AM PDT by dennisw
Two Russians are charged in infamous Mt. Gox heist: Biggest cryptocurrency robbery in history saw theft of Bitcoins that would be worth $16.5 billion today Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, were charged with conspiring to launder approximately 647,000 bitcoins from their hack of Mt. Gox Their crimes began in September 2011 when Bilyuchenko and Verner and other co-conspirators allegedly gained unauthorized access to the Mt. Gox server
Between September 2011 to May 2014, they transferred 647,000 bitcoins - or $16.5billion USD - into their accounts
The Justice Department has charged two Russian nationals in the hack of collapsed cryptocurrency exchange Mt. Gox, one of the world's earliest, biggest and most widely publicized alleged bitcoin heists.
Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, were charged with conspiring to launder approximately 647,000 bitcoins from their hack of Mt. Gox, which collapsed after losing what was then worth about half a billion dollars in cryptocurrency, the DOJ said.
'As alleged, Alexey Bilyuchenko and Aleksandr Verner thought they could outsmart the law by using sophisticated hacks to steal and launder massive amounts of cryptocurrency, a novel technology at the time, but the charges unsealed demonstrate our ability to tenaciously pursue these alleged criminals, no matter how complex their schemes, until they are brought to justice,' US Attorney Damian Williams said in a statement.
The event was one of the first signs of how vulnerable exchanges cryptocurrency users employ to transfer their digital assets into traditional cash were to committed cybercriminals. The industry has since suffered a string of massive thefts.
(Excerpt) Read more at dailymail.co.uk ...
I have a place in my heart for non-violent white collar criminals
This article does not tell up what happened to the $16.5billion USD - into their accounts >>
“they transferred 647,000 bitcoins - or they transferred 647,000 bitcoins - or $16.5billion USD - into their accounts - into their accounts”
Knowingly or not, they were probably given access by deep state NSA types and have been directing funds to DNC accounts. Now the period of immunity has expired.
While the Western media persists in perpetuating the fantasy that Russia is suffering setbacks and looking for a way to extricate itself from the war in Ukraine, the facts on the ground show that Russia is inflicting massive casualties on Ukraine — both men and materiel — and that Russia is under no pressure to seek an end to the conflict. Nothing short of unconditional surrender will placate Russia.
Ukraine, however, has ample reasons to bring the war to an end. Rational military commanders on the Ukrainian side must now understand that their prospects for inflicting a devastating blow to the Russian military forces is becoming less likely with each passing hour. Russia’s advantages in terms of men, artillery, and air support are thwarting Ukraine’s military ambitions. I do not discount the possibility that Ukraine’s military commanders realize that continued attacks are futile and that securing a negotiated end to the conflict is their only hope of surviving. If this report is true it signals a growing rift between the military and political leaders in Ukraine. The only solution is to overthrow the government of Volodomyr Zelensky by the military and sue for peace. If that happens it will mark the defeat of NATO. Count me as a skeptic. I think the blood shed will continue.
crypto money should be like equities( stock market) treat it as money you are willing to lose, as it is all gambling and trusting strangers with your money.
Small potatoes compared to the theft the West perpetrated on the assets of individual Russians.
Good news but why do I get a negative gut reaction when I read “District Attorney.”
“I have a place in my heart for non-violent white collar criminals”
seriously? the money stolen from mt. gox came directly out of the pockets of one million mt. gox depositors ... no insurance of course ... so you approve of ripping off one million small account holders? ... unfuching believable ... what’s next: a place in your heart to steal from widows and orphans? after all, that’s a non-violent white collar crime ...
It’s all insured
looks like the Big Guy didn’t get his cut...
“It’s all insured”
which is why it’s OK to shoplift tens of billions of dollars of retail merchandise each year ... after all, the cost of those losses and insurance get paid by big bad corporations and not by an increase in prices for the rest of us who pay for stuff we buy ...
Forbes, 2/25/2014:
“Unfortunately, Mt. Gox does not provide insurance or any assurances for a user’s account. Thus, we’re left in the wind – cold and unprotected.”
People think bitcoin is a great investment but I think it is more like an Amway distributorship. The crypto banks make money from storage and maintenance fees. You buy 1000 dollars of bitcoin and they charge a monthly fee. Bitcoin goes up, you think you are moving to the upper class. Bitcoin goes down and you are lucky if you still have 1000 dollars. My strategy for investing starts by asking, when can it go to zero? Stocks usually give some clues about impending bankruptcies or whatever so you might be able to sell and get most of your money back. Sometimes you can lose everything. Gold will never go to zero. You could get robbed I guess but it will never lose all of its value otherwise. Bitcoin and other cryptocurrencies can disappear with the flip of a switch, or a few keystrokes on a computer somewhere.
They have been charged. Not arrested, charged. Big effing deal.
Russians do stealing well.
The Russians tried to steal Ukraine, too.
Please, go find some pearls to clutch. Your virtue signaling doesn’t impress me.
Yep.
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