An Indian man has been sentenced to 10 years in prison for operating a Cryptocurrency Money Laundering network.

Golden Finance reported that, according to Decrypt, Indian national Anurag Pramod Murarka was sentenced to 121 months in prison by a US court for operating a global Money Laundering network, providing Money Laundering services for proceeds of over 20 million US dollars. It is reported that, during the period from April 2021 to September 2023, Murarka provided Money Laundering services on the dark web market under aliases such as elonmuskwhm and la2nyc. He instructed clients to send cryptocurrencies to specific wallets through encrypted communication, and then converted the funds into cash through India’s hawala network. The investigation showed that Murarka was aware that his clients were involved in illegal activities such as drug trading and computer hacking. According to federal law, Murarka must serve at least 85% of the sentence and will be placed on three years of supervised release after being released from prison.