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The FBI has dismantled a cryptocurrency money laundering platform operated by Russians, with the case involving more than $70 million.
BlockBeats News, December 19th, the U.S. Department of Justice revealed that the Federal Bureau of Investigation (FBI) has collaborated with European law enforcement agencies to dismantle a major multinational money laundering platform that provided cryptocurrency cash-out services for online criminals. The platform, named E-Note, was operated by a Russian citizen and has handled over $70 million in illegal funds since 2017, including assets extorted or stolen from U.S. victims.
The U.S. Attorney's Office for the Eastern District of Michigan has announced the indictment of 39-year-old Russian citizen Mykhalio Petrovich Chudnovets, charging him with money laundering conspiracy. It is alleged that since 2010, the suspect has assisted transnational criminal organizations in laundering proceeds of crime and converting cryptocurrency into cash through his controlled E-Note payment processing service. Law enforcement agencies have seized its servers, mobile applications, and related domain names. If convicted, he faces a maximum of 20 years in prison.
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