Russian OTC Broker Accused of Laundering $4.7M in Crypto Through Ransom Payments

Blockchain investigator ZachXBT has made a significant discovery, revealing that Russian OTC broker Aleksandr Khinkis allegedly laundered over $4.7 million in crypto between July 2025 and March 2026.

The investigation revealed multiple ransomware payments totaling 796 BTC were used to move funds across various cryptocurrency networks, including Bitcoin, Avalanche, and Tron.

ZachXBT was able to track the transactions by posing as a client on Telegram and obtaining an exchange deposit address from Khinkis. This address linked multiple transfers tied to suspected ransomware proceeds.