"Russian Man Who Laundered Money for Ryuk Ransomware Gang Sentenced"

Denis Mihaqlovic Dubnikov, the Russian national who recently pleaded guilty to charges related to laundering money for the Ryuk ransomware group, has been sentenced to time served.  The Department of Justice (DoJ) stated that Dubnikov laundered money for the cybercrime gang between 2018 and August 2021.  He was arrested in the Netherlands in November 2021 and extradited to the United States in August 2022.  In February 2023, he pleaded guilty to one count of conspiracy to commit money laundering.  According to the DoJ, Dubnikov, on one occasion, laundered $400,000 worth of cryptocurrency obtained by the ransomware group from a victim in the United States.  The 30-year-old Russian national and other members of the conspiracy allegedly laundered a total of at least $70 million in ransom proceeds.  For the charges brought against him, the man faced 20 years in federal prison, three years of supervised release, and a fine of up to $500,000.  However, he has been sentenced to time served and ordered to pay $2,000 in restitution.  

SecurityWeek reports: "Russian Man Who Laundered Money for Ryuk Ransomware Gang Sentenced"