US Cracks Down on Russian Cybercrime with Sanctions and Indictments
The Department of Justice and Treasury target Russian nationals and cryptocurrency exchanges linked to illicit activities.
- Russian nationals Sergey Ivanov and Timur Shakhmametov face charges for operating billion-dollar money laundering services.
- The US Treasury sanctioned Cryptex and PM2BTC, cryptocurrency exchanges involved in laundering funds for ransomware groups.
- Ivanov allegedly laundered over $1.15 billion in cryptocurrency through platforms like UAPS, PinPays, and PM2BTC.
- Shakhmametov ran Joker’s Stash, a major carding website that sold stolen credit card data, generating up to $1 billion in profits.
- International law enforcement, including Dutch authorities, seized servers and domains linked to the illicit exchanges, recovering over $7 million in cryptocurrencies.
BleepingComputer 
Benzinga 
CoinDesk 
Decrypt 
Hindustan Times 
The Hill 
Denver Gazette 
U.S. Department of Justice 
Financial Post 
Associated Press 
Ukrinform 
CNA 
CNN 
