US Lawmakers Urge Treasury Action on Russian Crypto Exchange Sanctions Evasion
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U.S. Congressman Gabe Amo (D-RI), along with Congressmen Brad Sherman (D-CA) and Gerald E. Connolly (D-VA), sent a letter to U.S. Treasury Secretary Janet Yellen regarding the Moscow-based cryptocurrency exchange Garantex. They expressed concerns that Garantex is reportedly facilitating sanctions evasion and funding Russia’s invasion of Ukraine. The letter cited reports indicating that $20 billion […]
Tether, the company behind the famous stablecoin USDT, has recently made a significant decision that has shaken the cryptocurrency market in Russia. Today, in fact, Tether has frozen as much as 27 million dollars in USDT on the Russian exchange Garantex, which has been sanctioned by the European Union. This…
In a significant move to combat sanctions evasion and illicit financial activities, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Ekaterina Zhdanova, a Russian national allegedly involved in laundering and transferring funds using crypto on behalf of Russian elites. According to the…
Grinex, a sanctioned crypto exchange serving Russian businesses and individual users, said it was hit by a large-scale cyberattack that resulted in the theft of funds worth more than 1 billion rubles from its users’ wallets. The exchange described the incident as a targeted operation and claimed there were indications…