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The U.S. Department of Justice accused a Russian citizen of transferring over $530 million into the United States through an encryption payment company.
The U.S. Department of Justice has officially released an indictment against Iurii Gugnin (aka Iurii Mashukov and George Goognin), a Russian citizen of New York. According to the indictment, Gugnin, through the crypto payment company Evita he founded, transferred more than $530 million (mainly USDT) from abroad to the U.S. financial system between June 2023 and January 2025. The indictment lists 22 charges, including defrauding banks and cryptocurrency exchanges, violations of sanctions and export controls, money laundering, failure to file suspicious transaction reports under the Bank Secrecy Act, and false reporting of remittance business information.
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