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New Meme Coin Thug Life Token Tipped As Next Cryptocurrency to Explode | Finbold

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New Meme Coin Thug Life Token Tipped As Next Cryptocurrency to Explode | Finbold

Amid the crypto market recovery, one newly launched meme coin has massive potential to pump.

Thug Life is an emerging meme coin tipped to explode following its presale launch today. The project features an array of popular memes and individuals, including the Dogecoin dog, Snoop Dogg, Hasbulla and Pepe the Frog.

The Thug Life crypto project aims to empower meme coin holders by turning their “losses into wins”. Thug Life makes light of “coping” with missed meme coin opportunities, such as the explosive Pepe run in May.

Similarly to successful meme coins like Pepe, Shiba Inu and Dogecoin, Thug Life is based on the true meme coin ethos of laughter, fun and trolling. Traditionally, critics would say that the lack of utility meme coins offer means they cannot succeed long-term. However, DOGE and others have proven this to be false.

Thug Life plans to do the same by building a strong and united community to rally behind the token and take it to new heights. Ultimately, this has proven as a recipe for success for meme coins in the past, so it could do the same for Thug Life.

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Paying Homage to Snoop Dogg

The Thug Life website envisions Snoop Dogg alongside other well-known figures. Also, the team have recently published a video tweet with the words “Thug Life”, with a well-known Snoop Dogg song playing; the tweet also tags Snoop Dogg’s Twitter account.

It is unknown whether Thug Life is simply paying homage to Snoop Dogg or whether it may be seeking to involve the hip-hop artist with the project.

Snoop Dogg has a history in crypto, previously working with NFT and metaverse projects, but he is yet to work with a meme coin project. Considering meme coins have taken centre stage recently, it would be no surprise if Snoop Dogg team’s up with an NFT project like Thug Life.

Stay updated with the project’s developments by following the Thug Life Twitter and its Telegram.

Tokenomics

According to the Thug Life website, there is a total $THUG supply of 4,200,000,000. Currently, the project is in its presale, priced at $0.0007, with 2,940,000,000 tokens (70% of its total supply) available.

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Based on the presale price and total supply, the Thug Life market cap will begin at $2,940,000 following its presale. Compared to more established meme coins like Pepe or Dogecoin, Thug Life is a low market cap crypto, providing lots of upside potential.

It remains to be seen whether Thug Life can become a top meme coin. Still, the presale has gotten off to a successful start, generating significant hype and already amassing over 1,500 Twitter followers.

The Thug Life website states that the token has no utility “beyond our united force”, essentially referring to providing holders access to the community.

However, with such a small market cap and Thug Life already proving popular on social media, it could easily be ready to pump following its presale.

As it is currently in its presale, the only place to buy $THUG is the official Thug Life website, thuglifetoken.com.

Visit Thug Life Presale

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Russian National Charged With Laundering $530 Million Through Cryptocurrency Companies

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Russian National Charged With Laundering 0 Million Through Cryptocurrency Companies

Iurii Gugnin, a 38-year-old Russian national residing in New York, has been charged with 22 criminal counts by the US Department of Justice (DOJ) for allegedly laundering over $530 million through his cryptocurrency companies, Evita Investments and Evita Pay. The charges include wire fraud, bank fraud, money laundering, and violations of the International Emergency Economic Powers Act (IEEPA).

Gugnin is accused of creating a financial pipeline using the stablecoin Tether USDt (USDT) to support sanctioned Russian entities and bypass US sanctions and export controls. He allegedly deceived banks, falsified compliance documents, and facilitated access to sensitive US technologies. Gugnin’s actions highlight the misuse of digital assets for illicit finance and the growing challenges of regulating cryptocurrency markets.

Gugnin presented Evita as a legitimate cryptocurrency payment service but allegedly used it to secretly transfer illegal funds for Russian clients. By posing as a compliant financial technology company, Evita moved money through US banks and crypto exchanges while hiding the funds’ real sources. As president, treasurer, and compliance officer, Gugnin had complete control over these companies’ operations, finances, and regulatory reporting, enabling him to manage transactions, misrepresent the companies’ activities, and ignore Anti-Money Laundering (AML) rules. Authorities claim Evita’s systems were used to help sanctioned Russian entities obtain US technology and channel funds through stablecoins like USDT.

Gugnin is accused of moving $530 million through the US financial system while concealing the illicit origins of the funds. He laundered about $530 million through US banks and cryptocurrency exchanges, primarily using USDT, a stablecoin tied to the US dollar and known for its fast, low-volatility cross-border transactions. The operation involved receiving cryptocurrency from foreign clients, many connected to sanctioned Russian banks, including Sberbank, VTB, Sovcombank, and Tinkoff. These digital funds were channeled through cryptocurrency wallets controlled by Evita and then converted into US dollars or other traditional currencies via US bank accounts. This helped Gugnin to obscure their origins and assist Russian clients in evading international sanctions.

Gugnin used deceptive methods to hide the illegal nature of these cross-border transactions. He altered invoices digitally to remove the names and addresses of Russian clients and provided false compliance documents to banks and cryptocurrency exchanges. These documents wrongly claimed that Evita had no ties to sanctioned entities and had complied with AML and Know Your Customer (KYC) regulations. Despite claiming compliance, Evita allegedly operated without an actual AML compliance and failed to file Suspicious Activity Reports (SARs) as required by US regulations. This allowed Gugnin to mask the source and purpose of the funds, enabling high-risk transactions that may have supported Russia’s access to restricted US technology.

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Gugnin, through his cryptocurrency companies, allegedly created a financial network to support Russian entities banned by US sanctions. Prosecutors allege he handled more than $500 million in transactions for Russian clients connected to sanctioned banks, including PJSC Sberbank, PJSC Sovcombank, PJSC VTB Bank, and JSC Tinkoff Bank. While living in the US, Gugnin held personal accounts with sanctioned banks JSC Alfa-Bank and PJSC Sberbank. He also enabled payments to acquire US export-controlled technology, such as sensitive servers, and laundered money to obtain components for Rosatom, Russia’s state nuclear agency. Actions of Gugnin and Evita provided Russian clients access to restricted components. Gugnin hid his activities by altering invoices to conceal Russian ties and falsifying compliance documents.

Gugnin and his companies are accused of deliberately violating US sanctions and export controls and the International Emergency Economic Powers Act (IEEPA). He allegedly deceived US banks and cryptocurrency exchanges by falsely stating that Evita had no connections with sanctioned Russian entities, while actively processing transactions for clients linked to blacklisted banks. To hide his activities, Gugnin secured a Florida money transmitter license by providing false details about Evita’s operations. This allowed him to use crypto exchange services under the pretense of compliance. Gugnin transferred over $500 million, often in USDT, into the US financial system through this scheme. Gugnin’s actions violated federal laws and threatened national security by enabling sanctioned entities to evade restrictions and illegally obtain sensitive US technologies.

The US DOJ alleges that Gugnin and his crypto companies failed to follow key AML rules required by the Bank Secrecy Act. Although Gugnin presented Evita as a legitimate money services business, he allegedly did not establish an effective AML program and failed to submit suspicious activity reports (SARs) to the Financial Crimes Enforcement Network (FinCEN), which are crucial for detecting and preventing illegal financial activities. Moreover, Gugnin misled banks and cryptocurrency exchanges by falsely claiming that Evita complied with strict AML and KYC standards, when these measures were either inadequate or missing. This deception allowed over $500 million to flow through the US financial system without proper regulatory oversight.

Federal investigators found strong evidence that Gugnin knew his actions were illegal. They found that Gugnin had allegedly searched terms like “how to know if there is an investigation against you,” “money laundering penalties US,” and “am I being investigated?” This showed he was aware of potential legal risks. Gugnin had also searched for “Evita Investments Inc. criminal records” and “Iurii Gugnin criminal records,” indicating he was worried about the consequences of his actions. Gugnin had also visited websites explaining signs of being under criminal investigation and ways to detect law enforcement attention. These online activities suggest he was conscious of his guilt and actively tried to avoid detection. This digital evidence supports the prosecution’s claim that Gugnin intentionally broke US laws while attempting to conceal his money laundering activities from authorities.

Gugnin faces a 22-count federal indictment for offenses related to laundering $530 million through his cryptocurrency companies. He has been charged with wire fraud, bank fraud, money laundering, conspiracy to defraud the US, violations of the IEEPA, and running an unlicensed money transmitting business. Additional charges stem from Gugnin’s failure to establish an effective AML program and not filing suspicious activity reports (SARs). If found guilty, Gugnin could face up to 30 years in prison for each bank fraud charge and up to 20 years for wire fraud and sanctions violations. Gugnin was arrested and arraigned in New York, and he is currently detained while awaiting trial, as authorities consider him a flight risk.

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The case against Gugnin reveals increasing concerns about cryptocurrencies, especially stablecoins like Tether, being used to evade cryptocurrency regulations and US sanctions. As part of a broader effort to combat illegal crypto activities, the indictment shows how sanctioned entities, particularly those connected to Russia, use digital currencies to bypass restrictions and access global financial systems. Although stablecoins provide transparent transaction records, their speed and worldwide reach make them appealing for money laundering. The Gugnin case may lead to stricter regulations for crypto exchanges, payment processors, and money transmitters, with more vigorous enforcement of AML and sanctions compliance rules. Gugnin’s case also highlights the national security risks, as his actions enabled Russian clients to obtain restricted US technology. It may result in regulators imposing more stringent reporting measures on crypto firms to prevent foreign adversaries from exploiting digital finance to harm US interests.

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Attorney General Jackson and Secretary of State Marshall Launch Crypto Scams Prevention Effort

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Attorney General Jackson and Secretary of State Marshall Launch Crypto Scams Prevention Effort
FOR IMMEDIATE RELEASE Tuesday, July 15, 2025 Email: bconroy@ncdoj.gov Phone: 984-383-9038 RALEIGH – Attorney General Jeff Jackson and Secretary of State Elaine Marshall joined AARP, the Wilmington Police Department, and United Way NC/NC 211 to launch a statewide effort to help prevent bitcoin and cryptocurrency ATM scams. Victims of these scams can lose well over […]
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Bank of America Embraces On-Chain Data Analysis for Cryptocurrency Insights

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Russian National Charged With Laundering 0 Million Through Cryptocurrency Companies

Bank of America has been discreetly preparing for potential disruptions in the cryptocurrency market by focusing on on-chain data analysis. This strategic move is aimed at better understanding the volatile nature of digital currencies and gaining deeper insights into market trends, investor behavior, and potential risks. The bank has been conducting extensive research and analysis on blockchain data, which allows for a more granular understanding of the market compared to traditional financial metrics.

By analyzing blockchain data, Bank of America can track transactions, monitor wallet activity, and assess the overall health of the cryptocurrency ecosystem. This approach enables the bank to make more informed decisions and mitigate risks associated with the cryptocurrency market. The shift towards on-chain data analysis reflects a broader trend within the financial industry, as institutions increasingly recognize the need to integrate blockchain analysis into their risk management strategies.

This proactive approach by Bank of America underscores its commitment to staying ahead in an ever-evolving financial landscape. The bank’s efforts are part of a larger initiative to enhance its capabilities in the digital asset space. By leveraging on-chain data, Bank of America aims to provide more comprehensive and accurate assessments of the cryptocurrency market, thereby better serving its clients who are increasingly interested in digital currencies and blockchain technology.

The move by Bank of America to focus on on-chain data analysis is a significant development in the financial industry. It highlights the growing importance of blockchain technology and the need for financial institutions to adapt to the changing landscape. As the cryptocurrency market continues to evolve, Bank of America’s proactive approach positions it well to navigate the challenges and opportunities that lie ahead. This strategic shift not only enhances the bank’s risk management capabilities but also demonstrates its readiness to embrace the future of finance.

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