Founder of crypto trading platform RG Coins indicted again by the U.S. Department of Justice for transferring case-related crypto assets while in prison.
2026.07.10 19:39:13
The U.S. Department of Justice announced that Rossen Iossifov, founder of Bulgarian crypto exchange RG Coins, has been indicted on additional charges for allegedly transferring approximately $290,000 in crypto assets that the court had ordered forfeited while he was in prison. Prosecutors alleged that in January 2024, while serving a sentence in a federal prison, Iossifov conspired to move the illicit assets through multiple crypto exchanges and mixing services to evade government seizure. Iossifov was previously sentenced to 111 months in prison in 2021 for his role in laundering nearly $5 million and assisting a Romanian cyber fraud ring in processing illicit funds; he was also ordered to pay over $2.6 million in restitution and forfeit related crypto assets. If the new charges are upheld, he faces up to an additional 25 years in prison.
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