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

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





What is a Bitcoin Mixer?




A seized Bitcoin mixing service
Dutch authorities have seized this Bitcoin mixing service. Source:


Undone By His Own Greed

Kvashuk reportedly started out stealing gift cards of around $10 000 but greed got the better of the man. Before long he was moving millions of dollars worth of currency stored value (CSV), the release states.

To keep the scam going, the engineer even used test accounts from other employees to simulate multiple pretend purchases. Kvashuk was eventually flagged after Microsoft’s appropriately titled FIST (Fraud Investigation Strike Team) caught a whiff of a large number of CSV purchases for subscriptions to its Xbox gaming service.

The U.S. Secret Service and the IRS’s Cyber Crime Unit are currently investigating the case. Kvashuk is potentially looking down a steep 20-year prison sentence and a $250,000 fine.

Source: Fired Microsoft Geek Allegedly Stole $10 Million With a Bitcoin Mixer