EddieJayonCrypto
11 Jan 25
The State of Georgia has indicted three Russian nationals for operating crypto mixers Blender.io and Sinbad.io, which were allegedly used to launder funds tied to cybercrime. The indictment charges the individuals with conspiracy to commit money laundering and operating unlicensed money-transmitting...
The State of Georgia has indicted three Russian nationals for operating crypto mixers Blender.io and Sinbad.io, which were allegedly used to launder funds tied to cybercrime. The indictment charges the individuals with conspiracy to commit money laundering and operating unlicensed money-transmitting businesses. If convicted, the defendants face up to 20 years in prison for money laundering conspiracy and additional time for operating unlicensed money-transmitting businesses. The case involved international cooperation from law enforcement agencies in the Netherlands, Finland, and Australia, with the FBI leading the investigation. The platforms were reportedly used by state-sponsored hacking groups and other cybercriminals, and both were eventually sanctioned by the US Department of Treasury’s Office of Foreign Assets Control. An indictment is an allegation, and all defendants are presumed innocent until proven guilty in a court of law. On a different note, the Digital Sovereignty Alliance launches to champion ethical crypto policies in the U.S. Senate and House of Representatives, aiming to bring together experts, policymakers, and industry pioneers to champion thoughtful policies to benefit society. These events highlight the ongoing efforts to regulate and oversee cryptocurrency transactions, as well as the global cooperation needed to combat illicit activities in the digital finance space.