U.S. Charges Russian Executive for Massive Crypto Money Laundering

The U.S. Department of Justice (DOJ) has filed charges against Iurii Gugnin, a Russian national and executive at Evita, a cryptocurrency company. Gugnin allegedly laundered over $500 million through American banks and crypto platforms, exploiting sanctions on Russia. This case highlights ongoing efforts to combat the use of cryptocurrencies for illicit activities.