eBay

U.S. Departme
2026-07-13 05:32:07

DOJ says inmate moved $290,000 in crypto that had already been forfeited to the U.S.

The U.S. Department of Justice said on July 9 that Rossen Iossifov, a 53-year-old Bulgarian national already serving a 111-month prison sentence, has been charged again after allegedly moving about $290,000 in cryptocurrency in January 2024. The funds had already been forfeited to the U.S. government by the U.S. District Court for the Eastern District of Kentucky in 2021, but they remained in a Kraken account in his name rather than being transferred into a wallet under government control. Prosecutors said the crypto was withdrawn, routed through multiple crypto exchanges and illegal mixing services, and ultimately converted into fiat through an overseas bank account, preventing the government from taking possession of the funds. Iossifov appeared in federal court in the Eastern District of Kentucky and now faces three charges: transferring property to avoid seizure, aiding and abetting, and money laundering conspiracy. If convicted on the new case, he could face up to 25 more years in prison. The case has drawn attention to a gap between legal forfeiture and actual control of digital assets. The DOJ’s own asset forfeiture policy calls for crypto to be moved into an agency-controlled self-custody wallet once access is obtained, but officials did not say what part of the process failed here.

900
DOJ says inmate moved $290,000 in crypto that had already been forfeited to the U.S.
Policy and Re
2026-07-13 05:25:08

U.S. says inmate moved nearly $290,000 in crypto that had already been forfeited

The U.S. Department of Justice said on July 9 that Rossen Iossifov, a 53-year-old Bulgarian national already serving a 111-month sentence in a cyber-enabled auction fraud case, has been charged again over the alleged transfer of nearly $290,000 in cryptocurrency. According to the DOJ, the assets had already been forfeited by the U.S. District Court for the Eastern District of Kentucky in 2021 and legally belonged to the U.S. government, yet they remained in a Kraken account in his name rather than being moved into a wallet under government control. Prosecutors allege that in January 2024, Iossifov and others withdrew the crypto, routed it through multiple exchanges and illicit mixing services, and eventually converted it into fiat through an overseas bank account. He now faces charges of transferring property to avoid seizure, aiding and abetting, and money laundering conspiracy. If convicted on the new counts, he could face up to 25 more years in prison. The case has drawn attention to the gap between a forfeiture order on paper and actual control over digital assets, especially when credentials or access may still remain outside government custody.

670
U.S. says inmate moved nearly $290,000 in crypto that had already been forfeited
USPS
2026-07-10 22:00:13

USPS Imposes Immediate 8% Surcharge on Parcels as Fuel Costs Surge

The United States Postal Service (USPS) has imposed an 8% surcharge on all domestic and international parcel deliveries, effective immediately, to offset rising fuel costs. The move is expected to impact e-commerce and logistics sectors, with potential pass-through to consumers.

180
USPS Imposes Immediate 8% Surcharge on Parcels as Fuel Costs Surge