{"id":65170,"date":"2025-12-25T07:01:31","date_gmt":"2025-12-25T07:01:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=65170"},"modified":"2025-12-25T07:01:31","modified_gmt":"2025-12-25T07:01:31","slug":"mt-gox-hacker-unloads-1300-bitcoin-as-360-million-still-remains","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=65170","title":{"rendered":"Mt. Gox Hacker Unloads 1,300 Bitcoin As $360 Million Still Remains"},"content":{"rendered":"
\n

Mt. Gox-linked bitcoin tied to Aleksey Bilyuchenko is continuing to filter onto exchanges, extending a slow, closely watched stream of legacy supply that on-chain analysts have been flagging since the fall.<\/p>\n

Mt. Gox Hacker Unloads More Bitcoin<\/h2>\n

Arkham analyst Emmett Gallic said<\/a> entities related to Aleksey Bilyuchenko deposited another 1,300 BTC, about $114 million, into unknown exchanges over the past seven days. The wallets still hold roughly 4,100 BTC (around $360 million), and have sold a total of 2,300 BTC.<\/p>\n

Gallic wrote via X on Dec. 23: \u201cThe entity related to Aleksey Bilyuchenko has deposited another 1.3K BTC ($114M) to the unknown exchanges in the past 7 days. They still hold 4.1K BTC ($360M). They have sold a total of 2.3K BTC.\u201d<\/p>\n

\"Aleksey<\/p>\n

Bilyuchenko has been charged by the US Department of Justice in connection with the Mt. Gox hack<\/a>.<\/p>\n

The Dec. 23 deposits build on earlier posts in which Gallic described a methodical unwind rather than a one-off dump. On Nov. 9, he said bitcoins \u201conce belonging to BTC-E cofounder Aleksey Bilyuchenko are slowly being sold off through unknown exchanges,\u201d citing 110 BTC deposited over two days.<\/p>\n

That Nov. 9 note also emphasized uncertainty around who is actually controlling the funds. \u201cUnclear if he\u2019s still jailed in Russia or in control of these funds, but Moscow courts have seized most of his other assets,\u201d Gallic wrote.<\/p>\n

The repeated use of \u201cunknown exchanges\u201d suggests the destination clusters are not cleanly attributable to major, labeled venues in the datasets Gallic is using. For market participants, that makes the flow harder to handicap: deposits can signal intent to sell, but the execution path is less transparent than transfers into well-known exchange wallets.<\/p>\n

In an Oct. 17 post, Gallic went further, alleging that \u201calmost 8K BTC \u2026 related to the WEX\/BTCE case are controlled by Russian authorities,\u201d including \u201cthe 6.5K BTC that moved earlier today.\u201d He attributed that control to a specific unit\u2014\u201c3rd department of the 2nd service of the CSS of the FSB\u201d\u2014and linked to a Russian-language investigative article.<\/p>\n

Who Is Bilyuchenko?<\/h2>\n

In Russia<\/a>, Bilyuchenko has faced a separate WEX-related criminal case that has already produced a conviction. On March 18, 2024, the Moscow City Court upheld an earlier guilty verdict against Alexey Bilyuchenko, described in local reporting as a system administrator of the WEX exchange.<\/p>\n

Bilyuchenko was accused of embezzling 3.1 billion rubles in WEX assets; the Meshchansky District Court sentenced him in September 2023 to 3.5 years in prison and a 500,000-ruble fine, and the appeal court left that decision in place, bringing the verdict into legal force.<\/p>\n

In the United States, the posture is different: prosecutors have unsealed charges<\/a>. The case is still ongoing. In June 2023, the Department of Justice announced the unsealing of charges against Bilyuchenko and Aleksandr Verner in the Southern District of New York, accusing them of conspiring to launder approximately 647,000 bitcoin tied to the 2011 Mt. Gox hack. The SDNY indictment charges both men with conspiracy to commit money laundering, carrying a maximum potential penalty of 20 years in prison.<\/p>\n

Separately, Bilyuchenko is charged in the Northern District of California with conspiracy to commit money laundering and operating an unlicensed money services business, tied to allegations that he worked with Alexander Vinnik and others to operate BTC-e from 2011 until it was shut down in July 2017. DOJ listed a maximum potential penalty of 25 years on those NDCA charges.<\/p>\n

At press time, BTC traded at $87,756.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

Mt. Gox-linked bitcoin tied to Aleksey Bilyuchenko is continuing to filter onto exchanges, extending a slow, closely watched stream of legacy supply that on-chain analysts have been flagging since the fall. Mt. Gox Hacker Unloads More Bitcoin Arkham analyst Emmett Gallic said entities related to Aleksey Bilyuchenko deposited another 1,300 BTC, about $114 million, into […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-65170","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/65170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65170"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/65170\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}