ZachXBT accused a Russian broker of laundering millions of dollars through Bitcoin., 2026/03/25 09:50:31

Blockchain investigator operating under the alias ZachXBT has released a series of posts on the social media platform X, highlighting the potential involvement of Russian over-the-counter broker Alexander Khinis in transactions totaling approximately $4.7 million, allegedly acquired by hacker groups.

The researcher pointed out that Khinis does not make significant efforts to conceal his activities, as a large portion of the funds is directed to the same cryptocurrency wallet (0xa75666786a4e120110418ed3b4865a114d70706e). Since July 2025, this address has received 756 BTC. 

It is believed that the funds were obtained by hackers through extortion. The hacker groups utilized a bridge between the Bitcoin and Avalanche networks to transfer $4.7 million to Khinis’s account. An additional $16.6 million in stolen assets is currently held in the Aave protocol.

ZachXBT provides several instances of money laundering through Khinis’s accounts. In September 2023, his wallet received funds from five addresses linked to the extortion of 560 BTC. Subsequently, the coins were transferred to various cryptocurrency exchanges and services, as well as intermediary wallets, eventually reaching Khinis’s wallet on the Avalanche network in 2024.

In September 2025, according to ZachXBT, Khinis’s wallet interacted with four addresses associated with the extortion of 72 BTC. Similar transactions were recorded in October 2025 involving six addresses linked to 164 BTC.

ZachXBT also noted that Alexander Khinis maintains a public lifestyle and frequently shares information about his travels, including visits to Southeast Asia and Australia. The researcher stated that such transparency is atypical for individuals involved in schemes related to illicit financial activities.

Previously, ZachXBT reported that scammers are utilizing purchased social media accounts to promote tokens through panic-driven posts.