🚨 Crypto Founder Arrested in $530M Sanctions-Busting Scheme

Breaking:

Iurii Gugnin, founder of Evita Pay, arrested in NY for allegedly laundering $530M from Russian banks via crypto.

🔍 Key Charges:

▪️ Wire fraud & bank fraud (30-year max)

▪️ Money laundering (life sentence possible)

▪️ Operating unlicensed money transmitter

⚠️ How It Worked:

✔️ Used Tether (USDT) to move funds for sanctioned entities

✔️ Faked compliance while bypassing AML checks

✔️ Targeted blacklisted Russian banks (2023-2025)

💡 Why This Matters:

🌍 Shows increased DOJ focus on crypto sanctions evasion

🔒 Reinforces need for strict KYC/AML in crypto firms

💥 Another case of stablecoins exploited for illicit flows

#Stablecoins #Regulation #USDT #MoneyLaundering #CryptoNews

(Not your keys, but definitely their jurisdiction.) ⚖️