DOJ · Federal Reserve (FED) · U.S. · Bitcoin.com News
Inmate Accused of Moving $290,000 in Crypto Already Forfeited to US Government
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Federal prosecutors charged an imprisoned man with helping transfer cryptocurrency forfeited to the U.S. government.
Key facts
- Federal prosecutors charged a man already serving a 111-month prison sentence with helping remove approximately $290,000 in cryptocurrency from an account forfeited to the U.S. government
- The charges stem from Iossifov’s alleged role in the unauthorized withdrawal and transfer of approximately $290,000 in cryptocurrency that had been seized and forfeited by the United States
- Trial and sentencing evidence showed Iossifov laundered nearly $5 million in cryptocurrency in less than three years
- Authorities allege the post-conviction activity occurred from January through December 2024, after a federal court ordered the assets surrendered
Summary
Prosecutors allege Rossen Iossifov helped remove approximately $290,000 in cryptocurrency forfeited to the federal government. Authorities say multiple exchanges, mixing services, and a foreign bank obscured control of the seized assets. Further proceedings will determine whether prosecutors can prove the new property-removal and money-laundering charges beyond reasonable doubt. Federal prosecutors charged a man already serving a 111-month prison sentence with helping remove approximately $290,000 in cryptocurrency from an account forfeited to the U.S. government.