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BTCC / BTCC Square / Global Cryptocurrency /
U.S. Authorities Dismantle $70M Crypto Money Laundering Network

U.S. Authorities Dismantle $70M Crypto Money Laundering Network

Author:
Global Cryptocurrency
Published:
2025-12-19 21:21:02
19
3
BTCCSquare news:

Federal prosecutors and the FBI have unraveled a sophisticated cryptocurrency network allegedly operated by Russian national Mykhalio Chudnovets. The E-Note platform facilitated cross-border movement of illicit funds for ransomware groups and hackers targeting U.S. hospitals and critical infrastructure.

Chudnovets faces up to 20 years imprisonment on money laundering conspiracy charges. Investigators have already traced $70 million in illegal proceeds through the platform, with asset recovery efforts ongoing.

The takedown involved coordinated international law enforcement action, including the Michigan State Police. The case highlights growing regulatory scrutiny on cryptocurrency networks enabling financial crime.

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