OFAC Sanctions Tren de Aragua Fugitive Who Laundered ATM Heists With Crypto

What happened

Summary OFAC designated 10 targets in a Tren de Aragua ATM jackpotting scheme that stole at least $40.73 million from… The post OFAC Sanctions Tren de Aragua Fugitive Who Laundered ATM Heists With Crypto appeared first on Chainalysis . One of the FBI’s Ten Most Wanted Fugitives allegedly used cryptocurrency to launder millions of dollars stolen from U.S.

ATMs as part of a financing scheme for the criminal organization Tren de Aragua (TdA). Chainalysis is tracing the on-chain footprint of that fugitive (Anibal Alexander Canelon Aguirre, nicknamed “Prometheus”), his associates, and the transnational criminal group.

Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated 10 targets tied to the scheme , exposing a financial network that used cryptocurrency transactions to launder cash stolen from ATMs and move it across borders in support of TdA, a Foreign Terrorist Organization (FTO). As part of the action, OFAC designated seven crypto addresses belonging to Aguirre and his associates, which are deposit addresses at a major crypto exchange. At the center of the ring was Aguirre (aka “Prometheus”), an FBI fugitive wanted for bank fraud, burglary, money laundering, and providing material support to terrorists.