Cryptocurrency CEO Arrested Over $530 Million Sanctions Evasion

A major sanctions evasion case has taken center stage, resulting in the arrest of Iurii Gugnin, CEO of Evita Pay Inc. This prominent figure is accused of facilitating illicit financial transactions worth over half a billion dollars. Authorities allege that Gugnin’s actions involved bypassing US sanctions through fraudulent activities that enabled sanctioned Russian banks to access American financial systems using cryptocurrency platforms.