PANews reported on December 19th that, according to Cryptopolitan, the U.S. Department of Justice revealed that the FBI, in conjunction with European law enforcement agencies, has dismantled a transnational money laundering platform that primarily provided cryptocurrency cash-out services for cybercriminals. The platform, named E-Note, was operated by a Russian citizen and handled over $70 million in illicit funds since 2017, including assets extorted or stolen from victims in the United States.

The U.S. Attorney's Office for the Eastern District of Michigan has announced indictments against 39-year-old Russian citizen Mykhalio Petrovich Chudnovets, charging him with conspiracy to launder money. Allegedly, since 2010, the suspect, through an E-Note payment processing service he controlled, assisted cybercrime groups in transferring proceeds of crime across borders and converting cryptocurrency into cash. Law enforcement has seized his servers, mobile applications, and related domains. If convicted, he faces a maximum sentence of 20 years in prison.