U.S. and EU Law Enforcement Shut Down Russian-Linked Crypto Exchange E-Note
Authorities in the U.S. and Europe have dismantled E-Note, a cryptocurrency exchange allegedly operated by a Russian national, which processed over $70 million in illicit funds. The U.S. Attorney’s Office for the Eastern District of Michigan revealed the operation, conducted with international partners, targeted the platform's infrastructure and indicted 39-year-old Mykhalio Petrovich Chudnovets for conspiracy to launder money.
E-Note reportedly facilitated transactions for cybercriminal groups, including those attacking U.S. healthcare systems and critical infrastructure. Court documents indicate the exchange has been active since 2017, laundering proceeds from ransomware attacks and account takeovers. The FBI traced more than $70 million in stolen or extorted funds flowing through E-Note's payment network.
