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DOJ Charges Crypto Founder Over Russia Sanction Violations

Feds have charged Evita CEO Iurii Gugnin for allegedly helping Russian banks evade U.S. sanctions.

Jun 10, 2025 • 1 min read

Federal prosecutors charged Iurii Gugnin for laundering $500M, facilitating sanctioned Russian banks and Rosatom using crypto.

What’s the Scoop?

Sanctions Evasion: Iurii Gugnin, founder of Evita Pay, allegedly facilitated transactions with sanctioned Russian entities, including Rosatom and major Russian banks like Sberbank and VTB.
Money Laundering Tactics: Gugnin is accused of laundering over $500M through U.S. banks, using crypto and mixers to obscure origins and avoid detection.
Severe Legal Consequences: Gugnin faces up to 30 years per bank fraud conviction among 22 counts, underlining the U.S. government’s hardline stance on sanction violations.

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