Russian national Sergey Ivanov is one of the most wanted cybercriminals. U.S. authorities want him for his alleged involvement in extensive, long-running cybercrime activities. He is accused of being a cyber money launderer and allegedly created and operated several Russian payment exchange services facilitating tens of millions of dollars in financial activity linked to fraud, ransomware, and darknet drug markets.
The Key Points
Sergey Ivanov is one of the most wanted cybercrime fugitives in the United States:
- Significant Reward Offer: The U.S. Department of State, in partnership with the U.S. Secret Service, is offering a reward of up to $10 million for information leading to the arrest and/or conviction of Ivanov. In addition, the Department is offering a second reward offer of up to $1 million for information leading to the identification of any key leader (other than Ivanov) of the UAPS, PinPays, or PM2BTC transnational organized crime groups.
- Inclusion in Most Wanted Lists: Ivanov is featured prominently on the U.S. Secret Service’s Most Wanted Fugitives list. His presence on this list, alongside other high-profile cybercriminals, underscores his status as a top target for U.S. law enforcement.
- Serious Criminal Charges: Ivanov has been indicted on charges of conspiracy to commit and aid and abet bank fraud, as well as conspiracy to commit money laundering. These charges relate to his alleged involvement in extensive cybercrime activities spanning approximately two decades.
- Scale of Alleged Criminal Operations: According to the U.S. Department of Justice, Ivanov is accused of being one of the longest-running professional cyber money launderers known to the U.S. government. His alleged criminal activities involve laundering hundreds of millions of dollars for various cybercriminal actors, including ransomware operators and darknet marketplace vendors.
Given these factors, Sergey Ivanov is accurately characterized as one of the most wanted cybercrime fugitives sought by U.S. authorities.
Alleged Criminal Activities
Ivanov is accused of being a prolific money launderer with a criminal career spanning approximately two decades1. His alleged activities include:
- Laundering hundreds of millions of dollars worth of virtual currency for various criminal actors, including ransomware operators, initial access brokers, and darknet marketplace vendors1.
- Serving as a payment processor for fraud shops, including the OFAC-designated Genesis Market.
- Operating multiple payment processing services, including one doing business as UAPS.
International Cooperation and Additional Actions
The efforts against Ivanov and his associated entities involve significant international cooperation:
- The Netherlands Police and Dutch Fiscal Intelligence and Investigation Service (FIOD) have seized web domains and infrastructure associated with PM2BTC, UAPS, and Cryptex.
- The U.S. Secret Service has obtained court authorization to seize domains linked to UAPS and PM2BTC websites.
Call to Action:
FinTelegram urges readers with any information regarding Sergey Ivanov‘s whereabouts or activities to come forward. Please submit relevant information through our secure whistleblower system, Whistle42. Your cooperation could bring this alleged cybercriminal to justice and disrupt significant illicit financial operations. Remember, all information will be treated with the utmost confidentiality.
