Microsoft engineer allegedly used Bitcoin mixers to hide $10M gift card fraud, gets fired
Jul18
US authorities have charged an ex-Microsoft software engineer over a mail fraud plot to steal $10 million worth of digital currency from the tech giant, Fox News reports. Ukrainian citizen and Washington resident Volodymyr Kvashuk (25) allegedly used testing accounts of Microsoft’s online store to purchase gift cards loaded with digital currency, and later resold them via the internet for real money. A Department of Justice (DoJ) statement alleges Kvashuk tried to cover his tracks by using Bitcoin “mixing services” before depositing money from the sales into his bank account. These services “shuffle” amounts of Bitcoin in such a way that…
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