The post DOJ Says Inmate Moved $290K Through Crypto Mixers appeared on BitcoinEthereumNews.com.
United States prosecutors have charged a man serving a federal prison sentence over the alleged removal and laundering of about $290,000 in crypto assets held in a Kraken account subject to a forfeiture order. The Department of Justice said on Thursday that Rossen Iossifov, a Bulgarian national, conspired in January 2024 to withdraw and transfer crypto that a federal court had ordered forfeited following his 2021 conviction. Prosecutors allege that the assets were moved through illicit mixing services and crypto exchanges before the US could take possession. The case shows how attempts to move crypto after a forfeiture order can trigger fresh criminal charges, even after the underlying conviction. The US Attorney’s Office for the Eastern District of Kentucky said the cryptocurrency was held in an account registered to Iossifov at Kraken and had been restrained during the investigation. The
The post South Korea Super-App Toss to Run Won Stablecoin Pilot on OP Stack appeared on BitcoinEthereumNews.com.
Optimism says Toss is the fourth regulated financial institution in a year to pick the OP Stack, after Bitpanda, Kraken and Mitsui. Toss, the South Korean fintech app with roughly 30 million registered users, is testing a Korean won stablecoin on Optimism’s OP Stack, Optimism said on X Wednesday. The proof of concept also involves Sunnyside Labs, whose “Privacy Boost” tool is meant to shield transaction data on a public blockchain while preserving compliance access. Optimism, the company behind the OP Stack framework used to build layer-2 networks, called the tie-up the fourth time in a year a regulated financial institution has adopted the OP Stack in a new market, following Bitpanda’s Vision Chain in Europe, Kraken’s Ink in the US and Mitsui’s Zipangcoin in Japan. Kyle Jenke, chief business officer at OP Labs, said the pilot is “about demonstrating that the OP Stack can me
The post Trump Won’t Sign Bipartisan Housing Bill In Protest Of Voter ID Law Stalemate appeared on BitcoinEthereumNews.com.
Topline President Donald Trump said he won’t sign a bipartisan housing bill passed by Congress last month in protest of the Senate’s inability to pass new voter ID requirements—but unless he vetos the bill, it will automatically become law at midnight, even without his signature. Donald Trump, President of United States, speaks at the press conference during the 2026 NATO Ankara Summit in Ankara, Turkey, on July 8th, 2026. (Photo by Beata Zawrzel/NurPhoto via Getty Images) NurPhoto via Getty Images Key Facts Trump said in a Truth Social post on Friday he will not sign the housing bill “IN PROTEST over the fact that the United States Senate is not capable of passing THE SAVE AMERICA ACT.” It’s unclear if Trump will veto the legislation, however, which is the only way to block it from taking effect at midnight. Trump previously cancelled a June 24 signing ceremony f
Kraken's AI trading tool could democratize sophisticated crypto strategies, potentially increasing market activity and competition among traders.
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The post Cryptocurrency Caper: Prison Plot Unearthed appeared on BitcoinEthereumNews.com.
The United States Department of Justice has filed new legal action against Rossen Iossifov, a Bulgarian national currently serving a lengthy prison term, accusing him of orchestrating a scheme from behind bars. Iossifov is alleged to have attempted to transfer around $290,000 in cryptocurrencies out of the government’s jurisdiction, despite a standing court order to […] Continue Reading:Cryptocurrency Caper: Prison Plot Unearthed Source: https://en.bitcoinhaber.net/cryptocurrency-caper-prison-plot-unearthed
The post DOJ Crypto Theft Charges Against Federal Inmate appeared on BitcoinEthereumNews.com.
A federal inmate already serving time for a multimillion-dollar fraud scheme now faces a fresh set of DOJ crypto theft charges after allegedly stealing roughly $290,000 in cryptocurrency that had already been forfeited to the U.S. government — and doing it from behind bars. Key takeaways Rossen G. Iossifov, a 53-year-old Bulgarian national, is charged with stealing approximately $290,000 in forfeited cryptocurrency while serving a federal prison sentence. The alleged theft occurred in January 2024, nearly three years after his 2021 conviction for an online auction fraud scheme that laundered nearly $5 million in cryptocurrency. He allegedly moved the funds through multiple exchanges and illicit mixing services to prevent government seizure. Current charges include removal of property to prevent seizure, aiding and abetting, and conspiracy to commit money laundering. If convicted, Iossifov face
The post United States: New methodology trims Core PCE inflation – Wells Fargo appeared on BitcoinEthereumNews.com.
Wells Fargo economists Tom Porcelli and Sarah House discuss upcoming BEA changes to the Personal Consumption Expenditures (PCE) Price Index that will affect data from 2021 onward. They estimate the new methodology will lower current core PCE by about 0.2 percentage points, bringing May’s rate near 3.2% versus 3.4% published, but still roughly 1 percentage point above the Federal Reserve’s (Fed) 2% target. Method tweaks modestly lower core PCE “We want to flag a few methodology changes that are being made to the Fed’s preferred measure of inflation, the PCE price index. The changes will be rolled out in the BEA’s annual update on September 30 and will impact data from 2021 onward.” “We expect the changes will shave only about 0.2 percentage points off the current y/y run-rate of core PCE. So the impact on actual inflation looks to be modest, but the changes are welcome jus
Iossifov's actions highlight ongoing challenges in enforcing crypto regulations and recovering illicit funds, complicating legal and financial systems.
The post US charges Rossen Iossifov with laundering $290K from Kraken account while already serving prison sentence appeared first on Crypto Briefing.
