Bitcoin ATM Founder Charged in $10 Million Money Laundering Scheme
Bitcoin ATM Founder Charged in $10 Million Money Laundering Scheme
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Federal prosecutors in Chicago have charged the founder of a Bitcoin ATM network in an alleged $10 million money laundering scheme. The operator is accused of processing illicit funds through digital wallets.
Allegations of Illicit Fund Movement
In a significant development, federal prosecutors in Chicago have brought charges against the founder and operator of a prominent Bitcoin ATM network. The individual stands accused of orchestrating a money laundering scheme totaling approximately $10 million. According to prosecutors, the operator allegedly received illicit funds and subsequently moved these funds through various digital wallets, exploiting the ATM network for illegal activities.