US authorities successfully dismantled E-Note, a crypto exchange linked to laundering over $70 million for cybercriminals, including ransomware groups. The operation also led to charges against the operator, Mykhalio Chudnovets, for facilitating international money laundering. #E-Note #MykhalioChudnovets
Keypoints
- E-Note was used to transfer illicit funds related to cyberattacks on U.S. healthcare and infrastructure.
- The crypto exchange and money mule network laundered proceeds from ransomware and account takeover crimes.
- Mykhalio Chudnovets, based in Russia, controlled the platform and has a history of offering money laundering services since 2010.
- Law enforcement seized servers, mobile apps, and domain names associated with Chudnovets’s infrastructure.
- Chudnovets faces charges of money laundering conspiracy and potential imprisonment of up to 20 years.
Read More: https://www.securityweek.com/us-shuts-down-crypto-exchange-e-note-charges-russian-administrator/