• A Russian crypto entrepreneur, Denis Dubnikov, has been sentenced to probation and fined in the U.S. after pleading guilty for laundering money from ransomware attacks.
• Dubnikov was accused of laundering proceeds from Ryuk ransomware attacks between at least August 2018 and August 2021.
• The court sentenced him to three years of probation and ordered him to forfeit proceeds in the amount of $2,000 and pay $10,100 in criminal monetary penalties.
Russian Crypto Entrepreneur Sentenced for Money Laundering
A Russian crypto entrepreneur, Denis Dubnikov, has been sentenced to probation and fined in the United States after pleading guilty for laundering money from ransomware attacks.
Charges Against Dubnikov
Dubnikov was accused of laundering proceeds from Ryuk ransomware attacks between at least August 2018 and August 2021. He agreed to exchange 35 BTC for approximately $400,000 in cash without knowing that these were ransom proceeds but deliberately avoiding learning the truth as well.
Court Sentence
The court sentence takes into account the time Dubnikov spent in detention. He has been ordered to comply with supervision requirements, including regular reporting to the police, taking drug tests, and providing DNA samples at the request of law enforcement authorities. The court also ordered him to forfeit proceeds in the amount of $2,000 representing a portion of what he made as a result of his criminal activity and pay $10,100 in criminal monetary penalties.
About Ryuk Ransomware
Ryuk is a type of software that encrypts files on targeted organizations’ computers which was first identified in 2018 and has been used against various victims worldwide including hospitals and healthcare providers in the United States.
Conclusion
In conclusion this article outlines how Denis Dubnikova Russian crypto entrepreneur charged with money laundering related to distribution of ransomware was sentenced by a federal court in Oregon to three years‘ probation after being arrested last year following an extradition from Netherlands as well as paying financial penalties for his crime .