Security News > 2021 > March > Ukrainians Extradited to U.S. for Providing Money Laundering Services to Cybercriminals
Two Ukrainians charged for their involvement in a network providing cash-out and money laundering services to cybercriminals have been extradited to the United States.
According to the indictment, the two were part of a cash-out and money laundering network offering services to cybercriminals who accessed bank accounts using stolen credentials, and then transferred funds to drop accounts maintained by the cash-out actors.
Muzhuk and Vorontsov, the indictment reveals, operated a network of drop accounts and money mules that facilitated the fraudulent transfer of money from victims.
The conspiracy existed "For the entirety of 2017," the indictment reveals.
In October and November of that year, roughly $500,000 were transferred as part of the conspiracy.
The Czech National Organized Crime Agency collaborated with the Federal Bureau of Investigation in gathering evidence against Muzhuk and Vorontsov.