ZachXBT: Russian OTC Broker Assisted Ransomware Money Laundering Over $4.7 Million, Fund Flows Span BTC to Avalanche

SmartContractAuditor · 2026-03-25T14:31:52+00:00

"On-chain detective" ZachXBT disclosed that Russian OTC broker Aleksandr Khinkis has assisted in money laundering over $4.7 million since July 2025, involving 796 Bitcoin. He frequently operates in Southeast Asia and Australia, calling on victims to promptly report relevant addresses to improve freezing efficiency.

SmartContractAuditor

2026-03-25 14:31:52

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Odaily Planet Daily reports that “On-Chain Detective” ZachXBT posted on X platform revealing that Russian OTC broker Aleksandr Khinkis has been suspected of assisting a ransomware group in laundering over $4.7 million since July 2025 through a single exchange account, involving three ransom payments totaling 796 Bitcoin. Investigations show that the related funds were bridged from Bitcoin to Avalanche via cross-chain pathways and divided into 75 transfers to his exchange deposit addresses. Additionally, about $16.6 million is currently stored in Aave, but continues to be withdrawn in batches. ZachXBT pointed out that the suspect frequently operates in Southeast Asia and Australia, with personal information appearing multiple times in data breaches, which may complicate law enforcement across jurisdictions. He also urged victims to report relevant addresses promptly to improve freezing efficiency.

BTC2.6%

AVAX3.17%

AAVE6.29%

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