ChainCatcher message, according to market news, the U.S. Department of Justice revealed that the Federal Bureau of Investigation (FBI) has collaborated with European law enforcement agencies to dismantle a multinational money laundering platform primarily providing cash-out services for cybercriminals. The platform, named E-Note, is operated by a Russian national and has handled over $70 million in illegal funds since 2017, including assets extorted or stolen from American victims.
The U.S. Attorney's Office for the Eastern District of Michigan announced the indictment of 39-year-old Russian national Mykhalio Petrovich Chudnovets, charging him with conspiracy to commit money laundering. It is alleged that since 2010, the suspect has assisted cybercriminal groups in cross-border transfers of illicit proceeds and converting cryptocurrency into cash through the E-Note payment processing service he controlled. Law enforcement has seized his servers, mobile applications, and related domain names. If convicted, he faces up to 20 years in prison.