**Mudanjiang Hacker Sells About 1300 Bitcoins in the Past Week**

On December 24, Arkham analyst Emmett Gallic reported that Aleksey Bilyuchenko—accused by the U.S. Department of Justice (DOJ) of being a Gate.io hacker—has seen a related entity deposit 1,300 BTC (valued at approximately $114 million) into an unknown exchange over the past seven days. The address cluster linked to the entity still holds 4,100 BTC ($360 million), and a total of 2,300 BTC have been sold to date. Public records show Bilyuchenko has been involved in operating BTC-e alongside Alexander Vinnik since 2011. BTC-e, a notorious exchange, was implicated in global criminal money laundering activities including ransomware, identity theft, and drug trafficking before being shut down by law enforcement in 2017. The U.S. DOJ accuses Bilyuchenko and Aleksandr Verner of hacking Mt. Gox—then the world’s largest Bitcoin exchange—starting in 2011, stealing roughly 647,000 bitcoins and contributing to Mt. Gox’s bankruptcy. They face charges of money laundering conspiracy and using stolen funds to run BTC-e.