Russian national arrested in Argentina money-laundering case. Officials say North Korea's Lazarus Group is involved. Millions in crypto seized by federal police.
Authorities in Argentina have arrested a Russian national in a money laundering case related to a multi-million dollar operation in the South American country of TRM Labs. reported.
Millions of dollars in assets have been seized by Argentina's federal police led by the San Isidro Specialized Fiscal Unit in cybercrime investigations and assisted by TRM Labs.
The 29-year-old suspect accepted crypto proceeds from illicit actors including North Korea's Lazarus Group, child sex abuse vendors and terrorist financiers, which he then exchanged for laundered crypto and fiat currency, the report said.
The lead prosecutors and cybercrime experts in the case were able to analyze and explain a complex web of transactions by following different assets across multiple blockchains.
A native Report The suspect said he essentially operated a financial institution from his apartment in Argentina.
Another is a native Report The suspect said he used a Telegram bot to convert rubles, USDT, euros and dollars into Argentine pesos.
Federal police seized more than $120,000 worth of crypto during the arrest and another $15 million from assets controlled by the suspect.
Related matters include money laundering