The U.S. Division of Justice (DOJ) has teamed up with different federal and worldwide regulation enforcement companies to cost two Russian nationals with a number of cybercrimes, together with operating unlawful crypto exchanges.
In a brand new press launch, the DOJ says it’s charging Russian nationals Sergey Ivanov and Timur Shakhmametov with crimes starting from facilitating stolen credit score and debit card transactions to laundering felony funds with cryptocurrency.
“Ivanov allegedly created and/or operated Russian cost and change companies UAPS, PinPays, and PM2BTC, which supplied cash switch and laundering companies on to criminals. Cryptocurrency blockchain evaluation revealed that between July 12, 2013, and Aug. 10, cryptocurrency addresses related to Ivanov’s alleged cash laundering companies performed transactions totaling roughly $1.15 billion in worth.
Roughly 32% of all traced Bitcoin despatched to those addresses originated from different cryptocurrency addresses related to felony exercise. For instance, greater than $158 million of Bitcoin flowing into Ivanov’s addresses allegedly represented fraud proceeds, greater than $8.8 million allegedly represented proceeds from recognized ransomware funds, and roughly $4.7 million allegedly originated from darknet drug markets.
The U.S. Secret Service has obtained courtroom authorization to grab domains related to the UAPS and PM2BTC web sites.”
Along with the above seizures, the Secret Service additionally shut down Cryptex, a Russia-based crypto cash laundering service that marketed its service to criminals.
Stated Principal Deputy Assistant Legal professional Normal Nicole M. Argentieri, head of the Justice Division’s Legal Division,
“Cryptex promised its cybercriminal prospects a secure house to launder their illicit proceeds anonymously. However the coordinated actions introduced right this moment — together with seizing the Cryptex domains, servers, and proceeds — ought to put cybercriminals on discover that there aren’t any secure areas for cybercriminals on-line. The Legal Division will proceed to work with its home and worldwide partnerships to disrupt platforms that allow cybercrime and render these platforms unprofitable.”
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