ZachXBT Reveals Russian OTC Broker Facilitated $4.7M in Ransomware Money Laundering

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On-chain news reveals that ZachXBT exposed Russian OTC broker Aleksandr Khinkis for allegedly laundering over $4.7 million in ransomware proceeds since July 2025. The funds, originating from 796 BTC across three ransom payments, were routed through a Bitcoin-to-Avalanche cross-chain bridge and dispersed across 75 transactions. Another $16.6 million remains in Aave but is currently being withdrawn. The suspect operates in Southeast Asia and Australia, with personal data compromised in multiple breaches. ZachXBT urged victims to report relevant addresses to assist in freezing efforts. The case underscores ongoing risks in the exchange hacking landscape.

Odaily Planet Daily reports that "on-chain detective" ZachXBT disclosed on X that Russian OTC broker Aleksandr Khinkis is suspected of laundering over $4.7 million in ransomware proceeds since July 2025 through a single exchange account, involving three ransom payments totaling 796 bitcoins. Investigations reveal that the funds were routed across chains via a Bitcoin bridge to Avalanche and deposited into his exchange deposit address in 75 separate transactions. Additionally, approximately $16.6 million in funds are currently held in Aave but are being withdrawn in batches for cashing out. ZachXBT noted that the suspect frequently operates in Southeast Asia and Australia, and his personal information has appeared in multiple data breaches, potentially complicating cross-jurisdictional law enforcement efforts. He urged victims to promptly report relevant addresses to improve the efficiency of asset freezes.

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