💥 Crypto CEO Charged: $530M Laundered in Stablecoins for Sanctioned Russian Banks

📅 June 11, 2025

Iurii Gugnin, 38, CEO of crypto firm Evita Pay, has been charged by the U.S. Department of Justice with laundering over $530 million in Tether (USDT) between 2023 and 2025. He allegedly helped sanctioned Russian banks—including VTB and Sberbank—access U.S. financial systems via crypto, falsifying records and bypassing regulations. He now faces 22 criminal counts and possible decades-long prison sentences.

🔍 Why This Is Huge:

🔐 Highlights increasing scrutiny on stablecoins and their role in illicit finance.

🏦 Demonstrates U.S. DOJ's intensified enforcement against crypto-enabled money laundering.

⚠️ Sends a warning to crypto firms—regulatory compliance is non-negotiable.

💬 Discussion Prompt:

Is this case a turning point for global crypto regulation?

Will it lead to more stringent policies on stablecoins and compliance?

👇 Drop your analysis in the comments!

#CryptoRegulationBattle #Stablecoins #USDT #DOJ #CryptoLegal