Federal authorities have dismantled an online money-laundering operation linked to ransomware proceeds and arrested the creator of E-Note, a cryptocurrency payment platform. The investigation uncovered over $70 million in illicit funds laundered through the platform, impacting sectors like healthcare and critical infrastructure. #E-Note #MykhalioChudnovets
Keypoints
- Law enforcement has seized servers and digital infrastructure related to the money laundering platform E-Note.
- The indicted individual, Mykhalio Petrovich Chudnovets, is a Russian national accused of operating the service.
- Since 2010, the platform evolved from a small-scale operation to a scalable online laundering service.
- Over $70 million in illicit funds from ransomware attacks have been processed through E-Note since 2017.
- The operation involved international cooperation with German and Finnish authorities, along with Michigan State Police.