US Cracks Down on Russian Crypto Laundering Ring, Seizes $7M

Quick Summary:

The US Department of Justice announced it had indicted two Russians for what it said was a multi-million-dollar money Russian crypto laundering ring, an operation that ran billions of dollars through cryptocurrency exchanges.

Cryptex and Joker’s Stash facilitated money transfers from users involved in fraud, ransomware, and darknet activities.

Sergey Ivanov and Timur Shakhmametov have been charged with operating far-reaching cybercriminal networks using cryptocurrency exchanges.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Teuta

Category: Crypto

Markets: IndiaCroatiaNetherlands

Topics: Cyber Fraud 24/7 Cryptocurrency News DoJ Bitcoin News Crypto Laundering

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-27 @ 18:11:45 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 459 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22753586

View Article Analysis

About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 36 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions