US and Greek authorities have report arrested a Russian man believed to be behind a multi year money laundering scheme orchestrated through bitcoin transactions.
According Press as-yet unnamed individual was arrested in Greece and his electronic equipment being confiscated at time.
While details about the individual are scarce. the reports that the person in question is 38 years old and citing Greek police, was involved in the management.
"one of the largest cybercrime websites in the world.".
The person has been accused of laundering 4 billion dollers since 2011 using bitcoin. It's unclear how the funds were sourced or which kind of cybercrime website the person is accused of operating.
Further the details may be forthcoming. That the individual in question is wanted in the US and could be extradited to face charges and a subsequent trial.
Police lights image via Shutterstock..