Cryptocurrency exchange and payment processing service E-Note, which was allegedly used to launder over $70 million in ransomware and account takeover attack proceeds since 2017, had its online infrastructure dismantled and its Russian operator Mykhalio Petrovich Chudnovets indicted following a U.S.-led global law enforcement action, reports CyberScoop.
Aside from nabbing its servers, mobile apps, and websites, U.S. authorities also confirmed seizing older E-Note servers containing customer databases and transaction records. Meanwhile, Chudnovets has been accused of commencing E-Note's money laundering services in 2010 before expanding its network between 2011 and 2025.
Chudnovets, who was not confirmed to be arrested, may face up to 20 years imprisonment for a count of money laundering conspiracy, according to the Justice Department, which noted the takedown to have been conducted alongside the FBI, the Michigan State Police, and the state's Cyber Command Center, as well as the German Federal Criminal Police Office and the Finnish National Bureau of Investigation.
