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US Shuts Down Crypto Exchange E-Note, Charges Russian Administrator

US authorities this week announced the takedown of E-Note, a cryptocurrency exchange allegedly involved in laundering money for ransomware groups and other cybercriminal organizations. E-Note, the US says, has been used to transfer over $70 million in illicit funds since 2017, including proceeds from cyberattacks against healthcare and critical infrastructure entities in the United States. According to the authorities, the E-Note payment service and money mule network were used to transfer proceeds originating from ransomware attacks and account takeover incidents. In conjunction with the E-Note takedown, the US announced charges against Mykhalio Petrovich Chudnovets, 39, of Russia, who controlled and operated the crypto exchange. According to the indictment, Chudnovets has been offering…

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Source
securityweek.com
Published
Dec 19, 2025
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