#crimes
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Ukrainian extradited to U.S. in $500K Conti ransomware case
U.S. authorities have taken custody of a Ukrainian national extradited from Ireland to face charges linked to the Conti ransomware group, which prosecutors say hit more than 1,000 victims and extracted at least $150 million in ransom payments. The defendant, identified as Oleksii Lytvynenko, arrived in Tennessee this week after Irish proceedings concluded. 
Chainalysis CEO Michael Gronager predicts that within the next five years, governments will increasingly leverage AI to uncover financial crimes on the blockchain, including tax evasion. This initiative is expected to be coordinated rather than fragmanted across various agencies. 
On April 12th, a former senior security engineer for a major international tech company was sentenced to three years in prison. His crimes involved the hacking of two decentralized cryptoexchanges, as well as the theft of over $12 million in digital assets. 
Crypto enthusiast Preston Pysh has scrutinized the recent proposals by the Financial Crimes Enforcement Network (FinCEN) aimed at tracking all cryptocurrency transactions. He contends that these rules are in conflict with several US laws and the Constitution, and they do not align with the traditional scope of bank transfers. 
Australia gives enforcers authority to limit crypto ATM services
Australia’s Home Affairs Minister, Tony Burke, announced new legislation granting the country’s financial crimes agency AUSTRAC expanded powers to regulate or restrict the operation of crypto ATMs. The law, introduced on Thursday, allows AUSTRAC to limit or ban financial products and services deemed high-risk for money laundering or fraud. 
Tether, TRON, and TRM Labs established the T3 Financial Crime Unit (T3 FCU)—a collaborative initiative aimed at fighting financial crimes within the cryptocurrency sector. This is a pioneering move where private companies united to assist law enforcement agencies. 
The U.S. Financial Crimes Enforcement Network (FinCEN) has released a report that unveils statistics on the use of various cryptocurrencies in crimes related to human trafficking and the sexual exploitation of children between 2020 and 2021. Throughout this period, the criminal funds identified amounted to $412 million. 
