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description: A Bulgarian national, Rossen G. Iossifov, has been charged with stealing $290,000 in government-seized cryptocurrency while already serving a 121-month federal...
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# Money launderer accused of stealing seized crypto while in prison

**[BleepingComputer](https://daily.dev/sources/bleepingcomputer)** · 2 min read · 0 upvotes · 0 comments

## Summary

A Bulgarian national, Rossen G. Iossifov, has been charged with stealing $290,000 in government-seized cryptocurrency while already serving a 121-month federal prison sentence for money laundering. Prosecutors allege that in January 2024, while incarcerated, he conspired with others to move the seized funds through multiple crypto exchanges and mixing services to hide them from authorities. His original conviction stemmed from operating RG Coins, a Bulgarian crypto exchange that served members of the Alexandria Online Auction Fraud Network, which defrauded at least 900 Americans via fake Craigslist and eBay listings. He faces up to 25 additional years in prison if convicted on the new charges.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://www.bleepingcomputer.com/news/security/money-launderer-accused-of-stealing-seized-crypto-while-in-prison>

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Tags: [#crypto](https://daily.dev/tags/crypto)

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