Wu said that the U.S. Department of Justice has released an indictment, accusing Russian citizen Iurii Gugnin (also known as Iurii Mashukov and George Goognin), residing in New York, of transferring over $530 million (primarily USDT) from abroad into the U.S. financial system through his cryptocurrency payment company Evita between June 2023 and January 2025. He is suspected of 22 charges including defrauding banks and cryptocurrency exchanges, violating sanctions and export controls, money laundering, failing to submit suspicious transaction reports as required by the Bank Secrecy Act, and falsely reporting remittance business information. If convicted, he faces a maximum of 30 years in prison for each count of bank fraud.