In brief
- U.S. authorities have charged Russian citizen Iurii Gugnin with multiple counts of bank fraud and sanctions evasion.
- Gugunin is accused of using his NY-based crypto firms as a “covert pipeline” for Sberbank, VTB Bank, and Russia’s nuclear company Rosatom.
- He faces up to 30 years per bank fraud count as part of broader U.S. crackdowns on Russian crypto sanctions evasion.
Federal prosecutors have charged a New York-based crypto company founder with laundering more than $500 million through the U.S. financial system while helping sanctioned Russian banks circumvent international restrictions.
Iurii Gugnin, 38, a Russian citizen and founder of crypto payment companies Evita Investments Inc. and Evita Pay Inc., was arrested Monday on…
Jun 11 2025
