The U.S. Department of Justice has indicted Rosen Iossifov, a Bulgarian national, on charges of unauthorized withdrawal and transfer of approximately $290,000 in cryptocurrency that had been confiscated by the U.S. government. According to the DOJ, he is accused of attempting to transfer cryptocurrency, which was subject to a forfeiture order following a 2021 conviction for online auction fraud, through various exchanges and mixing services in January 2024. If convicted, he could face up to 25 years in prison. At the time of the alleged offense, he was serving an 111-month prison sentence for a 2021 fraud case. Previous trials revealed that he had laundered approximately $5 million in cryptocurrency in less than three years, and a forfeiture of the cryptocurrency involved in this case was ordered, along with $2.64 million in victim restitution.
