Russian authorities have sentenced Stanislav Moiseyev, the founding father of prison medicine platform Hydra, to life in jail after charging him with organizing a prison medicine enterprise.
Russia’s state-run information company reported that Moiseyev was fined 4 million rubles (~$37,000) and sentenced alongside 15 different accomplices by a Moscow courtroom. These accomplices have been fined a complete of 16 million rubles (~$150,000) and obtained jail sentences starting from eight to 23 years.
Hydra operated out of Russia and Belarus between 2015 and 2018. In 2021, Chainalysis reported that the group processed virtually $3.2 billion price of crypto by numerous “high-risk” crypto exchanges. Crystal Blockchain additionally discovered that $780 million was transacted between Binance and Hydra.
Legislation enforcement reportedly seized a ton of medicine from the Hydra group. Moiseyev and his accomplices will reportedly be imprisoned in particular and strict regime penal colonies (overcrowded prisons which were described because the harshest in Russia).
Hydra, which was seized and shut down by the US in 2022, was one in all Garantex’s largest counterparties and despatched $60 million to the alternate between 2019 and 2021. Garantex founder Sergey Mendeleev launched a Tether desk final 12 months.
Hydra, alongside Binance and the Russian Ponzi scheme “The Finiko,” have been the highest three counterparties of Bitzlato, a crypto alternate that processed over $700 million price of illicit funds. Bitzlato’s founder pleaded responsible to working a bootleg money-transmitting enterprise a 12 months in the past.
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