Money launderer accused of stealing seized crypto while in prison

Rossen G. Iossifov, a Bulgarian national serving prison time for operating a cryptocurrency exchange used to launder funds from online fraud, is accused of orchestrating the theft of $290,000 in government-seized cryptocurrency while incarcerated. He allegedly conspired with others to move the funds through multiple exchanges and mixing services to evade law enforcement. Iossifov previously operated RG Coins, a Bulgaria-based exchange that facilitated money laundering for a fraud ring targeting American victims via fake online listings.

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