According to reports from Wu, the U.S. Department of Justice has charged Russian citizen Iurii Gugnin, residing in New York, with transferring over $530 million into the U.S. financial system through the cryptocurrency payment company Evita from June 2023 to January 2025.
The funds were primarily in USDT, and Gugnin is accused of 22 counts including bank fraud and cryptocurrency exchange fraud, violating sanctions and export controls, money laundering, failing to submit suspicious transaction reports as required by the Bank Secrecy Act, and providing false information regarding remittance operations. If convicted, he faces up to 30 years in prison for each count of bank fraud.