The founder of the crypto trading platform RG Coins allegedly transferred the involved crypto assets while in jail, and has been sued again by the U.S. Department of Justice.

BlockBeats news: On July 10, the U.S. Department of Justice announced that Rossen Iossifov, the founder of the Bulgarian crypto trading platform RG Coins, has been ordered by the court to forfeit cryptocurrency assets of about $290,000 that were allegedly transferred during his prison term, and that he has now been additionally charged. Prosecutors said that in January 2024, while serving a sentence in a federal prison, he conspired to transfer the assets at issue through multiple crypto trading platforms and mixer services in order to evade government seizure.

Iossifov was previously sentenced in 2021 to 111 months in prison for participating in money laundering involving nearly $5 million and for helping a Romanian cybercrime group handle proceeds from wrongdoing. He was also ordered to pay more than $2.6 million in compensation and to forfeit related cryptocurrency assets. If the new allegations are upheld, he could face an additional 25 years in prison at maximum.