Crypto Times Logo Black
Google News Follow Banner
  • News
    • Market
    • Bitcoin
    • Ethereum
    • Altcoins
    • Regulations & Policies
    • DeFi News
    • Blockchain News
    • Industry
  • Exclusive
    ExclusiveShow More
    Zcash vs. Monero The 2026 Privacy Coin War Just Got Decided in One Week
    Zcash vs. Monero: The 2026 Privacy Coin War Just Got Decided in One Week
    MicroStrategy Stock Mirrors Bitcoin's Wildest Swings 7 Times BTC Moved MSTR
    MicroStrategy Stock Mirrors Bitcoin’s Wildest Swings: 7 Times BTC Moved MSTR
    Beyond Bitcoin Treasuries How Hyperliquid’s Revenue-Backed HYPE Is Creating Self-Funding Corporate Balance Sheets
    Beyond Bitcoin Treasuries: How Hyperliquid’s Revenue-Backed HYPE Is Creating Self-Funding Corporate Balance Sheets
    The Unresolved Debate Reignites: Is Bitcoin a Pyramid Scheme?
    The Unresolved Debate Reignites: Is Bitcoin a Pyramid Scheme?
    Exclusive Coinbase Says No Other International Launch For 12 Months, India Is the Bet
    Exclusive: Coinbase Says No Other International Launch For 12 Months, India Is the Bet
  • Opinion
    OpinionShow More
    RBI Denies Gold Sale Amid Oil Crisis: Could It Speed Up India's Digital Rupee Push?
    RBI Denies Gold Sale Amid Oil Crisis: Could It Speed Up India’s Digital Rupee Push?
    The CLARITY Act War Starts Jamie Dimon Vs Armstrong
    The CLARITY Act War Starts: Jamie Dimon Vs Armstrong
    Is Crypto Dying, or Is Pump.fun Turning It Into an Attention Casino
    Is Crypto Dying, or Is Pump.fun Turning It Into an Attention Casino?
    CoinSwitch on TMKOC India Saw a ₹100 Crypto Pitch, But Not the Risks Behind It_
    CoinSwitch on TMKOC: India Saw a ₹100 Crypto Pitch, But Not the Risks Behind It
    Bitcoin Pizza Day Was Never Really About Pizza
    Bitcoin Pizza Day Was Never Really About Pizza
  • Learn
    • Explained
    • How To
    • Insights
  • Podcasts
  • More
    • About Us
    • Our Authors
    • Contact Us
    • Editorial Policy
The Crypto TimesThe Crypto Times
  • All News
  • Market
  • Bitcoin
  • Ethereum
  • Altcoins
  • Regulations & Policies
  • Blockchain
  • DeFi
  • Industry
  • Exclusive
  • Opinion
Search
  • News
    • Market
    • Bitcoin
    • Ethereum
    • Altcoins
    • Regulations & Policies
    • Blockchain
    • DeFi
    • Industry
    • Exclusive
    • Opinion
  • Learn
    • Explained
    • How To
    • Insights
  • Quick Links
    • About Us
    • Our Authors
    • Contact Us
    • Editorial Policy
    • AI Policy
    • Sponsored & Advertorial Policy
  • Podcasts
Follow US
© 2026 By Crypto Times. All Rights Reserved.
Market News

Bat Yam Citzen Busted for $186M U.S. Crypto Heist

Written By:
Iyiola Adrian

Reviewed By:
Jahnu Jagtap

Last updated: May 3, 2025 11:06 PM
Published 2025-05-03
Share
Last updated: May 3, 2025 11:06 PM
Published 2025-05-03
Bat Yam Citzen Busted for $186M U.S. Crypto Heist

Alexander Gurevich, a 47-year-old dual Russian-Israeli citizen from Bat Yam, was arrested at Ben-Gurion Airport on May 1 after attempting to flee to Russia using a passport issued under a new name, “Alexander Block.” 

He is wanted in the United States for allegedly stealing millions in a 2022 crypto hack. The fiasco targeted California-based blockchain company Nomad. U.S. officials accuse him of computer crimes, money laundering, and transferring stolen digital property. His identity had not been revealed publicly until his arrest in Israel last week.

According to a U.S. extradition request, Gurevich allegedly took advantage of a security weakness in Nomad’s system and made off with about $2.89 million worth of crypto tokens. Just days later, other hackers discovered the same flaw and drained nearly $186 million in total, nearly crashing the company, according to a local report.

The FBI launched an investigation after Gurevich contacted Nomad’s Chief Technology Officer, James Prestwich, on Telegram, admitted to “amateurishly” probing the system, and apologized for “the trouble he caused.” 

He reportedly returned $162,000 but also demanded a $500,000 reward. “He wanted half a million for pointing out the vulnerability,” the request claims. Prosecutors say Gurevich changed his name on April 29 and received a passport under that new identity the very next day. On May 1, he was caught at the airport before boarding a flight. He appeared in court the following day in handcuffs. 

The Israeli State Attorney’s Office International Department submitted a petition on May 2 to the Jerusalem District Court to declare him extraditable. Justice Minister Yariv Levin had signed the order for Gurevich’s court appearance shortly after his return to Israel on April 19, the second day of Passover.

Gurevich, who got Israeli citizenship in 2017, has spent most of the last few years abroad, including in Africa, according to authorities. He was indicted in the U.S. in August 2023 on eight federal counts. The charges in America carry sentences of up to 20 years, much higher than the three-year maximum for similar offenses in Israel. U.S. prosecutors filed the extradition request in December 2024.

Gurevich is currently being held in custody by court order from Judge Einat Avman-Moller. He is represented by the Public Defender’s Office. The arrest was coordinated by the Israel Police National Fraud Unit and the Tel Aviv Fraud Division.

Also Read: Deribit Plans to Enter U.S. Amid Trump’s Pro-Crypto Parade

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

Follow The Crypto Times on Google News to Stay Updated!      Google News
Google News Banner

TAGGED:United States
Share This Article
Whatsapp Whatsapp LinkedIn Telegram Copy Link
Iyiola - Crypto Journalist at The Crypto Times
By Iyiola Adrian
Follow:
Iyiola is an experienced crypto writer specializing in simplifying complex blockchain and cryptocurrency topics for a broad audience. With expertise in ICOs, DeFi, NFTs, and regulatory updates, he offers valuable insights to help readers make informed decisions.
Jahnu Jagtap - Crypto Research Analyst at The Crypto Times
By Jahnu Jagtap
Follow:

Jahnu Jagtap is a Research Analyst with over 5 years of experience in crypto, finance, fintech, blockchain, Web3, and AI. He holds a BSc in Mathematics and is certified in Blockchain and Its Applications (SWAYAM MHRD), Cryptocurrency (Upskillist), and NISM Certifications. Jahnu specializes in technical, on-chain, and fundamental analysis, while also closely tracking global macro trends, regulations, lawsuits, and U.S. equities. With a strong analytical background and editorial insight, he drives content that delivers clarity and depth in the fast-evolving world of digital finance.

Latest News

House Whip Emmer Meets CFTC Chair to Push CLARITY Act
House Whip Emmer Meets CFTC Chair to Push CLARITY Act
Rep. French Hill Defends CLARITY Act Amid Banking Industry Concerns
Rep. French Hill Defends CLARITY Act Amid Banking Industry Concerns
Congress Reveals First Detailed Look at Strategic Bitcoin Reserve
Congress Reveals First Detailed Look at Strategic Bitcoin Reserve
SpaceX IPO Hype Hits Kraken as SPCXx Token Access Opens
SpaceX IPO Hype Hits Kraken as SPCXx Token Access Opens
Cypherpunk Says ‘Zero Evidence of a Hack’ After Zcash's 50% Drop
Cypherpunk Says ‘Zero Evidence of a Hack’ After Zcash’s 50% Drop

Find Us on Socials

You may also like

TRON Expands US Access with Bitnomial TRX Spot Listing

TRON Expands US Access with Bitnomial TRX Spot Listing

Senator Lummis Says CLARITY Act Can Clear 60 Votes Despite Banks

Senator Lummis Says CLARITY Act Can Clear 60 Votes Despite Banks

Crypto Market Today Ethereum Crashes Below $1,600, Bitcoin Tests $60K, XRP Nears $1.10

Crypto Market Today: Ethereum Crashes Below $1,600, Bitcoin Tests $60K, XRP Nears $1.10

Morgan Stanley and Galaxy Digital Link Crypto Lending to Bitcoin ETPs

Morgan Stanley and Galaxy Digital Link Crypto Lending to Bitcoin ETPs

The Crypto Times Logo PNG

Providing real-time, accurate Crypto reporting. Your trusted source for Crypto News and Research.

Stay Updated

All News
Exclusive
Opinions
Learn
Podcasts

Company

About Us
Our Authors
Editorial Policy
AI Policy
Advertorial Policy

Get In Touch

Contact Us
Career

Find Us on Socials

X-twitter Linkedin Telegram Youtube Instagram

© 2026 The Crypto Times | A BITROCK TECHNOLOGIES L.L.C. Company.

DMCA.com Protection Status
  • Terms and Conditions
  • Disclaimer
  • Privacy Policy
  • Cookie policy
Do Not Sell or Share My Personal Information