US Accuses Russian of Laundering $530 Million Through Crypto
The US Department of Justice has brought 22 charges against Russian Yuri Gugnin, the founder of the Russian crypto company Evita. He is suspected of laundering more than $500 million through Tether, circumventing sanctions, and illegally exporting American electronics and servers to Russia.
According to investigators, Gugnin used Evita as a "front" for transferring funds through banks and exchanges in the interests of sanctioned entities. He was arrested in New York.
