Two Russian nationals, Alexey Bilyuchenko and Aleksandr Verner, have been charged by the US Justice Department for their alleged involvement in the 2011 hack of cryptocurrency exchange Mt. Gox and the subsequent operation of illegal cryptocurrency exchange BTC-e. The charges reveal a complex money laundering operation involving almost 647,000 bitcoins. Bilyuchenko and Verner are accused of conspiring to steal cryptocurrency from Mt. Gox, leading to the exchange's collapse, and using the proceeds to establish BTC-e as a hub for cybercriminals to launder money between 2011 and 2017. The charges demonstrate the US government's commitment to pursuing wrongdoers in the cryptocurrency industry and protecting the financial system from abuse. The recently unsealed court documents also reveal that BTC-e was allegedly used by cybercriminals to transfer, launder, and store the proceeds of their illicit activities, including criminal proceeds from various sources such as hacking incidents, identity theft schemes, and narcotics distribution rings.