U.S. charges two Russian nationals for billion-dollar money laundering operations

The U.S. Department of Justice has charged two Russian nationals, Sergey Ivanov and Timur Shakhmametov, for running billion-dollar money laundering operations for cybercriminals. They face charges of money laundering, bank fraud, and operating websites selling stolen data. Ivanov allegedly laundered over $1.15 billion in cryptocurrency, while Shakhmametov operated "Joker's Stash," a major carding market that generated profits between $280 million and $1 billion. Both were linked to various criminal activities and platforms. Recent law enforcement actions also led to the seizure of servers and cryptocurrency worth over $7 million. The U.S. State Department is offering rewards of up to $11 million for information on the two individuals.