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

December 24th, according to Arkham analyst Emmett Gallic's monitoring, Aleksey Bilyuchenko, accused by the U.S. Department of Justice of being a Gate.io hacker, their related entity has deposited 1,300 BTC (worth approximately $114 million) into an unknown exchange platform in the past 7 days. The address cluster still holds 4,100 BTC (worth $360 million). They have sold a total of 2,300 BTC.Public information shows that Aleksey Bilyuchenko has been involved since 2011 in operating BTC-e with Alexander Vinnik, a notorious exchange implicated in global criminal money laundering activities including ransomware, identity theft, and drug trafficking. BTC-e was shut down by law enforcement in 2017.The U.S. Department of Justice accuses him and Aleksandr Verner of hacking Mt. Gox (the world's largest Bitcoin exchange at the time) starting in 2011, stealing around 647,000 bitcoins (resulting in Mt. Gox's bankruptcy). They are charged with money laundering conspiracy and using some of the stolen funds to operate BTC-e.