US Charges, Arrests Two in $389.74 Million Crypto Laundering Scheme
Summary
- US authorities said they charged two Georgia men with operating a cryptocurrency money-laundering service.
- The service they allegedly ran, AudiA6, is accused of processing digital-asset transactions involving 10,333 Bitcoin (BTC) since 2021.
- The laundering volume totaled about $389.74 million, and investigators found that the operators charged fees of as much as 5%% of the laundered amount.
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US authorities have charged two men with operating a cryptocurrency money-laundering service.
The US Attorney’s Office for the Eastern District of Pennsylvania said June 11 that two Georgia residents were charged with conspiracy to commit money laundering and money laundering.
Prosecutors allege the men ran a cryptocurrency laundering service called AudiA6 and processed digital-asset transactions involving 10,333 Bitcoin since 2021. The laundering volume totaled about $389.74 million.
Investigators said AudiA6 helped conceal the source of criminal proceeds tied to dark-web marketplaces, ransomware groups and cybercrime services, making the funds harder to trace. The operators were also found to have charged fees of as much as 5% of the laundered amount.
If convicted, each man faces a maximum prison sentence of 20 years, prosecutors said.
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