Crypto Money Launderer Pleads Guilty, Prosecuting $263M RICO Conspiracy

Kunal Mehta, a convicted cryptocurrency money launderer, has pleaded guilty to charges related to a vast conspiracy involving the laundering of over 4,100 stolen Bitcoin. The illicit scheme, which defrauded victims of more than $263 million and continues to expose vulnerabilities in cryptocurrency fraud practices, will now be brought before the court. Mehta used shell companies and associates to mask the origins of stolen cryptocurrency, charging a 10% fee for his services.