PORTLAND, Ore. (KOIN) — An alleged cryptocurrency money launderer is back in Oregon after being extradited from the Netherlands for his involvement in cybercrimes between 2018 and 2021, federal prosecutors announced on Wednesday.
Denis Mihaqlovic Dubnikov, 29, a Russian citizen, was charged by a federal grand jury in Portland in August 2021 for his alleged involvement in an international cryptocurrency money laundering scheme.
According to the indictment, Dubnikov as well as others are alleged to have laundered the proceeds of cyberattacks from across the country and around the world. The laundering specifically occurred with victims of Ryuk ransomware attacks, according to prosecutors.
Ryuk attacks involve using malware to take control of a system and encrypt its data, according to authorities, and cybercriminals then extort the target to unlock the data.
It’s reported that in July 2019, Dubnikov laundered more than $400,000, and overall, those involved in the conspiracy laundered at least $70 million.
Dubnikov was arrested in Amsterdam in November 2021 following a provisional arrest warrant.
He appeared in federal court in the District of Oregon for the first time Wednesday, reportedly pleading not guilty. It’s unclear if he has an attorney.
A five-day jury trial is scheduled for early October 2022. If convicted, Dubnikov faces a maximum sentence including 20 years in prison, three years of supervised release and a $500,000 fine.
This case is being prosecuted by the U.S. Attorney’s Office. It was investigated by the FBI. The extradition was done by the Justice Department’s Office of International Affairs.
Accused Russian cryptocurrency money launderer faces federal judge in Oregon & Latest News Update
Accused Russian cryptocurrency money launderer faces federal judge in Oregon & More Live News
All this news that I have made and shared for you people, you will like it very much and in it we keep bringing topics for you people like every time so that you keep getting news information like trending topics and you It is our goal to be able to get
all kinds of news without going through us so that we can reach you the latest and best news for free so that you can move ahead further by getting the information of that news together with you. Later on, we will continue
to give information about more today world news update types of latest news through posts on our website so that you always keep moving forward in that news and whatever kind of information will be there, it will definitely be conveyed to you people.
Accused Russian cryptocurrency money launderer faces federal judge in Oregon & More News Today
All this news that I have brought up to you or will be the most different and best news that you people are not going to get anywhere, along with the information Trending News, Breaking News, Health News, Science News, Sports News, Entertainment News, Technology News, Business News, World News of this made available to all of you so that you are always connected with the news, stay ahead in the matter and keep getting today news all types of news for free till today so that you can get the news by getting it. Always take two steps forward
Credit Goes To News Website – This Original Content Owner News Website . This Is Not My Content So If You Want To Read Original Content You Can Follow Below Links