October 4, 2024 at 03:02PM
Russian law enforcement detained nearly 100 suspects connected to the Cryptex cryptocurrency exchange, UAPS anonymous payment service, and other platforms for illegal payments and stolen credentials. The individuals were arrested for organizing criminal activities, illegal payment processing, and banking activities. They made over $1.1 billion in 2023 and were linked to sanctioned individuals in the U.S.
Meeting Takeaways:
– Russian law enforcement detained almost 100 suspects associated with illicit activities, including the Cryptex cryptocurrency exchange and the UAPS anonymous payment service.
– The criminal network’s services processed over 112 billion rubles in 2023 alone, generating around $38.7 million in illicit income.
– Sergey Ivanov, also known as ‘Taleon’, who was sanctioned by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), was among the key suspects arrested. Ivanov’s UAPS, PinPays, and PM2BTC services were believed to have processed hundreds of millions of dollars for ransomware actors and other threat actors.
– The U.S. Department of State offers a reward of up to $11 million for information leading to the arrest or conviction of Ivanov and Timur Shakhmametov.
Note: These takeaways are based on the provided meeting notes and do not include any additional information beyond the scope of the notes.