How the FBI's BTC-e database and sloppy opsec ensnared a Russian rapper and alleged crypto-launderer

Quick Take

  • Maksim Boiko was arrested late last month on money laundering charges
  • The U.S. Federal Bureau of Investigation alleges that Boiko is connected to the leadership of the transnational cybercrime group QQAAZZ
  • This is the story of how information gleaned from the defunct BTC-e exchange continues to be leveraged in investigations.
The March arrest of Russian money launderer and aspiring rapper Maksim “Gangass” Boiko last month by agents from the Federal Bureau of Investigation highlights the evolving ingenuity of organized cybercrime and the enduring preference for bitcoin among professional cybercriminals.

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