U.S. Extradited Russian Accused of Money-Laundering Tied to Ryuk Ransomware Gang

A Russian national who was extradited from the Netherlands to Portland, Ore., this week pleaded not guilty to charges of allegedly laundering cryptocurrency proceeds from ransomware attacks in the U.S. and abroad, the Justice Department said.

Denis Dubnikov,

a 29-year-old Russian, was arraigned in federal court for the District of Oregon on Wednesday. Prosecutors alleged that Mr. Dubnikov and his co-conspirators laundered bitcoin extracted from victims of Ryuk ransomware attacks through financial transactions, in both crypto and fiat currencies, to conceal the source of the funds.

After entering his plea, Mr. Dubnikov was released from custody under several conditions, including monitoring of his computer activity, according to court documents.

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This article was written by and originally published on www.wsj.com