Crypto Exchange Busted: US Takes Down E-Note in $70M Money Laundering Scandal
US authorities have unplugged E-Note, a cryptocurrency exchange allegedly laundering over $70 million for cybercriminals. The alleged mastermind, Mykhalio Petrovich Chudnovets, is facing up to 20 years in prison. Looks like his crypto gig got a permanent “access denied!”
Hot Take:
In a plot twist worthy of a Hollywood thriller, the US authorities have crashed E-Note’s not-so-secret villainous party, and Mykhalio Petrovich Chudnovets is facing more heat than a jalapeño in a sauna. Who knew cryptocurrency could be this spicy?
Key Points:
- E-Note, a cryptocurrency exchange, is taken down by US authorities for money laundering activities.
- The exchange allegedly laundered over $70 million in illicit funds since 2017.
- E-Note facilitated transactions for ransomware groups and cybercriminals targeting critical infrastructure.
- Mykhalio Petrovich Chudnovets, a Russian national, is charged with operating the exchange.
- Chudnovets faces a potential 20-year prison sentence for money laundering conspiracy.
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