CoinCentral
TLDR Russian-American exec laundered $530M via stablecoins for sanctioned Russian banks, says DOJ. DOJ: Crypto CEO masked Russian ties, funneled funds through NYC banks using Tether. Feds say $500M+ in stablecoins helped Russians buy banned U.S. tech via fake invoices. Gugnin faces 30 years per charge for crypto laundering…
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New York Crypto Exec Faces 30 Years in $530M Fraud Case
Yasmin Werner
08:24
TLDR Russian-American exec laundered $530M via stablecoins for sanctioned Russian banks, says DOJ. DOJ: Crypto CEO masked Russian ties, funneled funds through NYC banks using Tether. Feds say $500M+ in stablecoins helped Russians buy banned U.S. tech via fake invoices. Gugnin faces 30 years per charge for crypto laundering…
