Alexander Gurevich, 49, an Israeli national, had his initial appearance today in the Northern District of California on a 2023 indictment that charged him for exploiting the Nomad Bridge’s self-executing computer program, also known as a smart contract, to steal $2.89 million in virtual currency.Gurevich was arrested in May 2025 in Israel and was recently extradited to the United States.
According to the indictment, on or about Aug. 1, 2022, Gurevich is alleged to have executed four exploit transactions from the Nomad Bridge and transferred a total of 103 WBTC (Wrapped Bitcoin) and 300 WETH (Wrapped Ether) from Nomad’s virtual currency address to a virtual currency address controlled by Gurevich through unauthorized and non-authenticated transactions. The estimated value of this virtual currency was approximately $2,894,390 at the time of the transactions. Shortly after he stole this virtual currency, Gurevich conducted a number of financial transactions to convert the virtual currency to other types of virtual currency, including Bitcoin, and continued to transfer the funds to multiple virtual currency addresses in order to conceal and disguise the nature, location, source, ownership, and control of the proceeds of his unlawful activity.
Gurevich is charged with causing damage to a protected computer, interstate transportation of stolen money, and money laundering. If convicted, he faces a maximum penalty of 10 years in prison and a $250,000 fine for causing damage to a protected computer, as well as for interstate transportation of stolen money, and 20 years in prison and a $250,000 fine for money laundering.
Assistant Attorney General A. Tysen Duva of the Justice Department’s Criminal Division, U.S. Attorney Craig H. Missakian for the Northern District of California, and Special Agent in Charge Scott R. Schelble of the FBI made the announcement.
The FBI is investigating the case. The Justice Department’s Office of International Affairs and Israeli authorities provided substantial assistance.
Trial Attorneys Jessica Peck and Ethan Cantor of the Criminal Division’s Computer Crime and Intellectual Property Section and the Northern District of California are prosecuting the case.
An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.