Rossen G. Iossifov
Last changed 2026-10-27 · Re-researched — Re-researched in full by the investigator agent; the text was rewritten from new research. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -126 |
| Sum | -61 |
- The page establishes that the subject is itself a scheme, so the score is 0.
Score: 0/100 (kept between 0 and 100)
How scoring works →Summary
Rossen G. Iossifov is a 53-year-old Bulgarian national who owned and operated RG Coins, a Sofia-based cryptocurrency exchange that laundered approximately $5 million for the Alexandria (Romania) Online Auction Fraud Network, which defrauded at least 900 American victims. He was convicted in the Eastern District of Kentucky of RICO conspiracy and money laundering conspiracy and sentenced in January 2021 to roughly 10 years in prison (121 months, later reportedly reduced to 111). In July 2026 he was charged with allegedly conspiring from prison to move about $290,000 in court-forfeited cryptocurrency from a Kraken account through exchanges and mixing services in 2024.
Connected Entities
3 entities · 59 linked investigations- Rossen G. Iossifov→mentioned with→Kraken(80%)
- Rossen G. Iossifov→mentioned with→Rossen Iossifov / RG Coins(85%)
- Rossen Iossifov / RG Coins→mentioned with→Rossen G. Iossifov(80%)
Connected Through
1 shared actor · 83 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Krakenorganization
Timeline(8 events)
2018
Approximate start of Iossifov's laundering of AOAF Network proceeds through RG Coins in Sofia (estimated from the 'less than three years' period cited in court documents).
U.S. Secret Service: Owner of Bitcoin Exchange Sentenced to Prison for Money LaunderingSeptember 2020
Iossifov convicted by a jury in Frankfort, Kentucky, of RICO conspiracy and money laundering conspiracy.
U.S. Secret Service: Owner of Bitcoin Exchange Sentenced to Prison for Money LaunderingJanuary 2021
January 13 report: Iossifov sentenced to about 10 years in federal prison (121 months per contemporaneous reports; the 2026 DOJ releases cite 111 months), ordered to pay $2,642,297.43 in restitution and to forfeit cryptocurrency held at Kraken; he laundered nearly $5 million for the AOAF Network, which defrauded 900+ American victims.
Owner of Crypto Exchange RG Coins Gets 10 Years in Prison for Laundering $5M — CoinDeskAugust 2022
Sixth Circuit Court of Appeals affirms Iossifov's conviction in United States v. Iossifov, No. 21-5404 (opinion dated August 12, 2022).
United States v. Iossifov, No. 21-5404 (6th Cir. 2022) — Justia2024
Alleged conspiracy, beginning January 2024: while incarcerated, Iossifov allegedly conspires with unidentified associates to move approximately $290,000 from the forfeited Kraken account through multiple exchanges and illicit mixing services, then to fiat in a foreign bank account, before the U.S. government secures custody.
DOJ Office of Public Affairs — Man Serving Federal Prison Sentence Charged with Theft of Forfeited CryptocurrencyMay 2024
Iossifov's sentence reportedly reduced from 121 to 111 months.
Convicted scammer's seized crypto moves to unknown wallets while in prison as DOJ failed to secure funds — CryptoSlateDecember 2024
Alleged end of the conspiracy period described in the charging documents (December 2024).
Federal inmate allegedly moved $290K in forfeited crypto while serving fraud sentence — CryptoBriefingJuly 2026
July 9: DOJ announces charges of destruction or removal of property to prevent seizure, aiding and abetting, and conspiracy to commit money laundering; Iossifov makes an initial appearance in the Eastern District of Kentucky and faces up to 25 additional years in prison.
DOJ Office of Public Affairs — Man Serving Federal Prison Sentence Charged with Theft of Forfeited CryptocurrencyDecision Log
- slot 443521447 · hash 9EzssjiyPse3MYCNTTPFcJ2FN9vEwfcRXFxREuDmdKnm
- slot 443521348 · hash 4EFRBazRpYT2ypzYaDm4ehMDELzFaCEXFGxgbCixvgNy
- slot 443503583 · hash 2WiZJGhH3CVpnQF77n9zYb9rjEJzuerd4sTbcPheyAi5
This investigation is cryptographically anchored to the Solana blockchain (3 decisions). 18 of 21 cited source URLs have an Internet Archive snapshot.
model: claude-code-merge-writer
generated: 8/2/2026, 12:35:10 PM
last updated: 10/27/2026, 4:29:26 AM
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