DOJ Identifies Mt. Gox Hackers: 647,000 Bitcoin Stolen

Von | 11. Juni 2023

• The Department of Justice (DOJ) have tracked down and charged the hackers who stole hundreds of thousands of Bitcoin from the defunct crypto exchange giant Mt. Gox.
• The primary criminals identified are Russian nationals Alexey Bilyuchenko (43) and Aleksandr Verner (29).
• The hackers had compromised the exchange’s private keys as early as 2011 and funneled the stolen assets through Bitcoin addresses connected to their accounts at other exchanges.

Charges for Mt Gox Hackers

The Department of Justice (DOJ) has tracked down and charged the hackers who stole hundreds of thousands of Bitcoin from defunct crypto exchange giant Mt. Gox. The two primary criminals have been identified as Russian nationals Alexey Bilyuchenko (43) and Aleksandr Verner (29). They are charged with “conspiring to launder approximately 647,000 bitcoins from their hack of Mt. Gox.”

When Did the Hack Occur?

Though Mt. Gox officially suspended trading in February 2014, the hack reportedly dates back to roughly September 2011, when co-conspirators “gained unauthorized access,” to the Japanese computer system holding the private keys controlling customers’ Bitcoin. The hackers then stole coins through to May 2014, after which the exchange had already forfeited plans to rebuild.

How Were Stolen Assets Funneled?

The bulk of stolen assets was funneled through Bitcoin addresses connected to accounts controlled by Bilyuchenko, Verner, and their co-conspirators at other crypto exchanges. According to IRS Criminal Investigation Chief Jim Lee: “IRS Criminal Investigation (IRS-CI) is specially equipped to follow the complex financial trail left by criminals, and we are dedicated to holding those accountable for crimes committed.“

Previous Arrests Made Related To Mt Gox Theft

This is not the first arrest made related to this case as a French national Mark Karpeles was arrested previously but later released without any charges against him due to lack of evidence that he was involved in any wrongdoing related with this case or was aware about it before it went public in 2013/14 time frame .

Conclusion

This is an ongoing investigation with DOJ still tracking down people involved in this theft so they can be brought justice for what they did . This is an important step towards restoring faith among cryptocurrency users so that they feel safe investing into digital assets .