Russian Cryptocurrency Money Laundering Operations Taken Down By US Authorities, Illegal Exchange Websites Seized
In a coordinated effort, the U.S. Justice Department, working with other arms of the state and international law enforcement agencies, seized websites of illegal cryptocurrency exchanges that allegedly supported Russian money laundering networks.
What Happened: According to a press statement released Thursday, the actions encompassed an indictment against a Russian national, Sergey “Taleon” Ivanov, a prolific cyber money launderer, whose services have been used by other big cybercriminals to attack major U.S. companies.
Ivanov allegedly established and ran Russian payment and exchange services UAPS, PinPays, and PM2BTC, which provided money transfer and laundering services to criminals. On-chain analysis disclosed that 32% of all traced Bitcoin (CRYPTO: BTC) sent …
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