Anurag Pramod Murarka, an Indian cryptocurrency vendor, has been sentenced to 121 months in a U.S. federal prison for conspiracy to commit money laundering. Operating under aliases such as “elonmuskwhm,” Murarka laundered over $20 million in criminal proceeds through a complex scheme involving cryptocurrency, hawala networks, and cash transfers. His operation facilitated illegal activities, including drug trafficking and hacking, by disguising the origins of illicit funds. The FBI and USPIS took down Murarka’s network, seizing millions of dollars in criminal proceeds and preventing additional financial crimes. Separately, CLS Global FZC LLC, a UAE-based cryptocurrency financial services firm, has agreed to plead guilty to charges of market manipulation and wash trading. As part of a plea deal, the firm will pay $428,059 in fines and forfeitures, cease operations in the U.S., and make annual certifications of compliance. The charges stemmed from an FBI sting operation, "Operation Token Mirrors," which used a fake cryptocurrency token to expose fraudulent practices. The case highlights ongoing efforts to combat financial crimes in the cryptocurrency sector.