Deep Tide TechFlow news: On July 10, The Block reported that the U.S. Department of Justice accused Bulgarian federal detainee Rossen G. Iossifov of illegally transferring approximately $290,000 worth of cryptocurrency that had already been seized and forfeited by the U.S. government. Prosecutors said that in January 2024, he transferred the relevant assets through multiple cryptocurrency exchanges and illegal mixing services, intending to prevent the government from taking over the funds. Iossifov was previously convicted in 2021 for his involvement in a network auction fraud and a cryptocurrency money-laundering case; if the new charges are upheld, he could face up to 25 years in prison.

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