The U.S. Attorney's Office for the Eastern District of Virginia has charged Venezuelan national Jorge Figueira with conspiring to launder approximately $1 billion, primarily through cryptocurrency wallets and platforms. According to the FBI, Figueira and his network used bank accounts, exchange accounts, private crypto wallets, and shell companies to convert illicit funds into crypto assets. These assets were then exchanged for dollars by liquidity providers and transferred to accounts in multiple countries, including Colombia, Panama, and Mexico. Prosecutors highlighted that most of the funds were initially deposited via crypto trading platforms and later dispersed to domestic and international entities. If convicted, Figueira faces a maximum sentence of 20 years in prison.