The founder of crypto trading platform RGCoins has been charged by the U.S. Department of Justice for transferring crypto assets involved in prison

According to Decrypt, the U.S. Department of Justice announced that RossenIossifov, founder of Bulgarian crypto trading platform RGCoins, was additionally charged for allegedly transferring approximately US$290,000 in crypto assets that had been confiscated by the court while serving his sentence.<br /> Prosecutors claimed that while serving his sentence in federal prison in January 2024, he conspired to transfer assets involved through multiple crypto trading platforms and mixed currency services to avoid government seizure.<br /> Iossifov was sentenced to 111 months in prison in 2021 for participating in money laundering nearly US$5 million and assisting a Romania online fraud gang in processing stolen money, and was ordered to compensate more than US$2.6 million and confiscate related encryption assets. If the new charges are convicted, he will face up to an additional 25 years in prison.