RATE Group | Fired Microsoft Geek Allegedly Stole $10 Million With a Bitcoin Mixer
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Fired Microsoft Geek Allegedly Stole $10 Million With a Bitcoin Mixer

19 Jul Fired Microsoft Geek Allegedly Stole $10 Million With a Bitcoin Mixer

Posted at 14:09h in Bitcoin News by

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Ex Microsoft employee Volodymyr Kvashuk was arrested this week amid allegations of digital currency theft to the tune of $10 million. U.S. attorneys for the Western District of Washington suspect the Ukrainian-born resident used a Bitcoin mixer to cover up his tracks.

Kvashuk, who was in charge of the companies online sales platform, was entrusted to test customer purchases in a simulated environment. The test environment only blocked physical deliveries, however, and the security team failed to prevent purchases of gift cards.

The talented engineer quickly took advantage of this flaw using company funds to buy Bitcoin-denominated gift cards. He subsequently resold them online to fund an extravagant lifestyle:

The complaint alleges KVASHUK resold the value on the internet, using the proceeds to purchase a $160,000 Tesla vehicle and a $1.6 million dollar lakefront home.

What is a Bitcoin Mixer?

Bitcoin is not fully anonymous, thanks in large part, to widespread reporting on mainstream…

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