US uncovers crypto laundering network moving up to $50M a day
- —Just Team operated across the US, Colombia, UK, Spain, Belarus, UAE, Australia and Russia
- —Fees ranged from 2% to 8% depending on the region
- —The core group numbered about 10 people coordinating via private Telegram chats
- —Kulizhnikov appears in 11 DEA controlled money transfers between 2021 and 2026
Why it matters: The case highlights how crypto rails are used to evade sanctions and launder cartel proceeds, adding pressure on regulators to tighten oversight of brokers.
Source: Incrypted
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