In the recent crackdown on crypto-associated cybercrime, the U.S. Department of Justice issued charges against Aliaksandr Klimenka.
Klimenka is accused of working with Alexander Vinnik and other individuals from July 2011 to July 2017 to operate BTC-e, an unregulated digital currency exchange, and to participate in a money laundering scheme, according to unsealed indictments.
The US Targets Another Cryptocurrency Exchange
The US Justice Department has accused BTC-e of being a hub for money laundering and cybercrime. The company is said to have provided high anonymity trading services that drew in customers who were heavily involved in illicit activities.
The news statement states that the site allegedly enabled financial transactions resulting from a variety of illegal activities, including computer hacking, fraud, identity theft, and drug trafficking.
Authorities emphasize BTC-e’s involvement in cybercrimes and point out that it operated on American servers reportedly in violation of mandatory anti-money laundering procedures and “know your customer” (KYC) guidelines.
Furthermore, according to the government agency, BTC-e violated federal regulations mandating strict anti-money laundering protocols by failing to register as a money services organization, despite its substantial operations within the United States.
The arrest of Klimenka in Latvia last December, according to the
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