Russian OTC Broker Allegedly Laundered Over $4.7 Million in Crypto
- Aleksandr Khinkis allegedly laundered over $4.7 million through a single exchange account from July to March.
- Three suspected ransomware payments totaling 796 BTC drove the laundering activity across Bitcoin, Avalanche, and Tron networks.
- Approximately 75 transfers directed funds into the same exchange deposit address linked to suspected ransomware proceeds.
- An additional $16.6 million remains deposited in related addresses or platforms, with some funds actively off-ramped.
- ZachXBT traced multiple Bitcoin bridge deposit addresses connected to ransom payments dating back to September.
The investigation revealed that funds moved through various crypto exchanges and bridges before reaching the Tron network, with timing analysis matching Bitcoin outflows to specific wallet outputs. Compliance teams and law enforcement agencies have been informed about the traced addresses and fund movements.
In total, three major ransom payments were identified, including a significant case involving a payment of 164 BTC linked to over $3.8 million in transactions.(Source)
