U.S. Department of Justice Takes Action Against Hidden Crypto Laundering Scheme

The U.S. Justice Department has taken action against Iurii Gugnin, a Russian executive accused of laundering over half a billion dollars through US banks and cryptocurrency platforms. The case involves Gugnin’s New York-based crypto payment company, Evita, which allegedly bypassed sanctions targeting Russia. This case highlights the ongoing challenge of curbing illicit financial flows using digital assets.