US FBI dismantles a cryptocurrency money laundering platform operated by Russians, involving over 70 million dollars

【US FBI dismantles a cryptocurrency money laundering platform operated by Russians, involving over 70 million dollars】The U.S. Department of Justice revealed that the Federal Bureau of Investigation (FBI) has partnered with European law enforcement agencies to dismantle a major multinational money laundering platform that provides cash-out services for cybercriminals using cryptocurrency. The platform, named E-Note, has been operated by a Russian citizen and has handled over 70 million dollars in illegal funds since 2017, including assets extorted or stolen from victims in the United States.

The U.S. Attorney's Office for the Eastern District of Michigan announced the indictment of 39-year-old Russian citizen Mykhalio Petrovich Chudnovets, charging him with conspiracy to commit money laundering. It is alleged that since 2010, the suspect has assisted cybercriminal groups in transferring illicit proceeds across borders and converting cryptocurrency into cash through the E-Note payment processing service he controls. Law enforcement has seized his servers, mobile applications, and related domain names. If convicted, he faces a maximum of 20 years in prison.