A Crypto founder has been arrested in New York for allegedly using its Crypto firm, Avita Pay, which is to make the Russians accessible to highly sensitive American technology from the approved Russian banks to make a funnel of about $ 530 million in the US.
Iurii Gugnin was killed with a 22-sleep prosecution and he will face allegations related to wire and bank fraud, money laundering and operating an unlicensed money, among others, among others, US justice department Said On Monday.
If convicted, the lukewarm can live life behind bars. This is the latest case in which Crypto is used to bypass restrictions and attempt to try to bypass funds.
The DOJ alleged that Gugenin operated a huge money laundering scheme from June 2023 to January 2025, which processes Stabelcoin Teethra (USDT) Transactions bound by Russian customers Banks like Sberbank were blacklisted, VTB, Sovcombank and Tinkoff.
Assistant Attorney General John A. Assistant for National Security. According to Eisenberg, Guginin converted its crypto company into a “secret pipeline for dirty money”, an increase of about $ 530 million through the US financial system for assistance Russian banks approved And help the Russian end-users acquire sensitive American technologies:
“The Department of Justice will not hesitate to bring justice to those who connect our national security by enabling our foreign opponents to sanctions and export controls.”
The DOJ said that Guganin allegedly lied to American banks about Avita’s Russian relations, manipulated the challan to hide the identity of the client and ignored the Anti-Mani Laundering Rules, which despite the EVITA registering as a penny, said the wrong statements, using the wrong statements in Florida.
Cointelegraph arrived for Evita Pay for comment, but did not get immediate response.
Crypto founder suspected that he was investigating
According to the DOJ, Guganin also allegedly operated the web discoveries: “Can I be investigated” and “Signs you can be under criminal investigation,”,, which claims the discoveries that indicate a awareness that he was breaking the law.
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Guganin allegedly discovered on the web, “The best ways to find out are whether you are being investigated and when someone can do so, they feel that they may be subject to investigation.”
Gugnin faces life in jail
Gugnin has to face a prison of up to 30 years for each count Bank fraud, Maximum 20 years for counting of each wire fraud, and up to 10 years to fail to apply an effective anti-digital laundering program and failure Enter suspicious activity reports.
A conspiracy of up to five years can be hatched for a conspiracy to cheat the US founder of Crypto.
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