CASE DOSSIER sentenced

U.S. v. Maksim Boiko (QQAAZZ Cyber Laundering Network)

Docket: 2:20-cr-00227 Court: U.S. District Court for the Western District of Pennsylvania Opened: 2020-09-15 Sector: Financial Institutions, Ransomware Victims

Key Facts

Status
SENTENCED
Legal disposition
Loss Amount
$20.0 million
Laundered tens of millions of dollars stolen from corporate victims via hundreds of dummy shell bank accounts across Europe.
Techniques
1
Verified mappings
Defendants
1
Named in charges
  • Legal Status: SENTENCED in U.S. District Court for the Western District of Pennsylvania.
  • Primary Target Sector: Financial Institutions, Ransomware Victims.
  • Documented Financial Loss: $20.0 million.
  • 1 verified MITRE ATT&CK techniques substantiated with verbatim court excerpts.
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Case Summary

Russian cryptocurrency trader and Instagram influencer who operated as a high-level money launderer for QQAAZZ, an all-in-one cashout network servicing Dridex, Trickbot, and BitPaymer ransomware gangs.

Procedural & Incident Timeline

2020-03-28 arrest

Boiko arrested in Miami, Florida, with $3.8 million in seized cryptocurrency.

2021-04-12 plea

Pleads guilty to conspiracy to commit money laundering in federal court in Pittsburgh.

2021-07-16 sentencing

Sentenced to time served and ordered to forfeit over $3.8 million in illicit cryptocurrency.

Named Defendants & Operatives

Defendant Nationality Status Prison Term Restitution Notes
Maksim Boiko Russian Federation sentenced Pending $3 QQAAZZ cybercrime laundering network conspirator; sentenced to time served and $3.8M forfeiture.

Substantiated MITRE ATT&CK Techniques

Technique ID Technique Name & Tactic Primary Source Evidence Excerpt Locator Verification
T1090 Proxy
Command and Control
"QQAAZZ used hundreds of bank accounts opened in the names of fake shell companies to rapidly layer stolen wire funds before converting them into Bitcoin." Indictment ¶ 16, Page 9 reviewed

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Bluebook Legal Citation:
Cyberattack Case Library, U.S. v. Maksim Boiko (QQAAZZ Cyber Laundering Network), No. 2:20-cr-00227 (U.S. District Court for the Western District of Pennsylvania 2020), https://cyberattackcaselibrary.pages.dev/cases/us-v-boiko-qqaazz-laundering/
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