Where the Mt. Gox Money Went: New Details in the BTC-e Exchange Case

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IN DEPTH: New court documents detail connections between the MtGox hack, btcecom’s administrators, BitInstantNews and MemoryDealers. baidakova reports on the latest revelations from the BTC-e investigation.

of a Russian investigative journalist Andrey Zakharov, Verner was responsible for technical development of BTC-e. Bilyuchenko was reportedly arrested in Russia in 2019, but the whereabouts of Bilyuchenko and Verner today are not known.A separate indictment unsealed this week shows that Verner and Bilyuchenko transferred the bitcoin they stole from Mt. Gox to BTC-e, TradeHill and their own accounts at Mt. Gox itself.

The wire payments from BitInstant and Memory Dealers were labeled as an “Internet Advertisement Agreement,” but BTC-e did not provide any advertising services to BitInstant or Memory Dealers, the investigators found. The BTC-e operators would also send money from their bitcoin sales through multiple PayPal accounts to conceal their origins, the report says.

However, the new version of Vinnik’s indictment says that Nikonorov, Buyanov and Golovanov actually did not participate in the criminal activities related to BTC-e, but rather, Vinnik used their identities to cover his tracks, the DOJ attorney Ismail Ramsey wrote.conceal his true identity. This included appropriating the identities of Andrey Nikonorov, Stanislav Golovanov, and Alexander Buyanov,” the document reads.

 

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