U.S. authorities have charged two Russian nationals, Sergey Medvedev Ivanov and Timur Shakhmametov, for allegedly operating an extensive money laundering operation worth over $1 billion. According to the FBI, the suspects ran services that catered to cybercriminals, including drug traffickers and ransomware groups.

Ivanov’s operation is said to have processed proceeds from darknet markets and other illicit online activities. Shakhmametov operated Joker’s Stash, a notorious platform that sold stolen credit card data. Their activities involved the use of cryptocurrency exchanges to conceal transactions and evade law enforcement.

The FBI has also seized several domains linked to these illegal operations, including Cryptex.net and PM2BTC, which facilitated transactions in digital currencies. These efforts are part of a larger international crackdown on cybercrime and money laundering activities.

This case marks a significant step in disrupting the infrastructure used by global cybercriminals, demonstrating law enforcement’s ability to target illicit financial networks across borders. U.S. authorities, including the FBI and Department of Justice, are committed to continuing the fight against these crimes.
(Source: FBI Press Release)

Read more [here](https://www.justice.gov/opa/pr/two-russian-nationals-charged-connection-operating-billion-dollar-money-laundering-1).

you might also like