Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Monday, May 6, 2024 | Back issues
Courthouse News Service Courthouse News Service

$575M in crypto laundering

SEATTLE — A Washington jury’s 18-count indictment of two Estonians was unsealed today after they were arrested in Tallinn for their roles in carrying out a cryptocurrency fraud and money laundering scheme totaling $575 million. Money invested into a mining service and virtual bank was instead laundered through shell companies to bankroll real estate and luxury vehicle purchases.

Read the press release here.

Categories / Briefs, Criminal, Financial, Technology

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...