Share this article
$4 Billion: Russian Man Arrested for Alleged Bitcoin Money Laundering Scheme
Authorities have reportedly arrested a man believed to be behind a money laundering scheme orchestrated through bitcoin.
By Stan Higgins
Updated Sep 13, 2021, 6:46 a.m. Published Jul 26, 2017, 2:05 p.m.
US and Greek authorities have reportedly arrested a Russian man believed to be behind a multi-year money laundering scheme orchestrated through bitcoin transactions.
According to the Associated Press, the as-yet-unnamed individual was arrested in Greece, with electronic equipment being confiscated at the time.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
While details about the individual are scarce, AP reports that the person in question is 38 years old and, citing Greek police, was involved in the management of "one of the largest cybercrime websites in the world."
The person has been accused of laundering $4 billion since 2011 using bitcoin. At this time, it's unclear how the funds were sourced or which kind of cybercrime website the person is accused of operating.
Further details may be forthcoming, given that the individual in question is wanted in the US and could be extradited to face charges and a subsequent trial.
Police lights image via Shutterstock
Більше для вас
Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
Що варто знати:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
Top Stories
